You may insure your shipments (i.e. cargo) on an individual basis or have an “open cover” which covers all your business’s shipments on an annual basis
There are three levels of cover: Basic (ICC C), Intermediate (ICC B) and Comprehensive (Also Known As “All Risks”, ICC A)
TYPICAL SCOPE OF MARINE CARGO INSURANCE
Accidental loss or damage to goods during transit
Collision, overturning of carrying vehicles
War, riots, strikes and civil commotion
Natural perils
Fire
Theft & pilferage
Who Benefits from Marine Insurance?
01.
Ship Owners and Operators
Ship owners and operators, whether they manage cargo vessels, fishing boats, or pleasure crafts, should have marine insurance to protect their valuable maritime assets from various risks on the water.
02.
Cargo Owners and Shippers
Businesses involved in transporting goods via sea routes, including importers, exporters, and logistics companies, need marine insurance to safeguard their cargo from potential losses during transit.
03.
Offshore Industry Players
Companies engaged in offshore operations, such as oil and gas exploration or renewable energy projects at sea, should invest in specialized marine insurance to manage the unique risks and liabilities associated with these ventures.
WHY CHOOSE MARINE CARGO INSURANCE WITH BAZDXB.COM
Highest rated insurance provider in the UAE
Simple and fast claims process
Dedicated insurance advisor to answer all your questions
OUR MARINE CARGO INSURANCE PARTNERS
One size does not fit all. We work with the Leading Marine Cargo Insurance companies in the UAE to tailor the right policy for you.