Marine Cargo Insurance

Marine Cargo Insurance

Marine Cargo Policy insures property / cargo while in transit against loss or damage from associated risks. It is specially designed to meet the regulatory needs of exporters and importers. The terms of the cover will depend on:

  • Commodity
  • Packaging
  • Type of vessel and their susceptibility to damage
  • Voyage
Insurance for all from the largest & strongest National Insurer
Benefits
Cargo Clause (A) - subject to exclusions

All risks of loss or damage under Institute Cargo Clause (A) - subject to exclusions

Covers Institute Cargo Clauses (B) or (C)

Covers for named perils under Institute Cargo Clauses (B) or (C)

Loss Cover

Total Loss Cover

Desired cover

Underwriter’s agreement to grant the desired cover

Wide Coverage

Upon payment of additional premium, coverage can be obtained for War, Strikes, Riots & Civil Commotion Risks, Terrorism, Transshipment and Storage Cover incidental to transit.

Inland transit cover

Inland transit cover to the desired destination

Caters to local transporters

Caters to local transporters who transport goods within the country against accidental damage including the risks faced during un/loading operations

Throughput covers

Throughput covers ( ex. Tea and Apparel exporters)

Special facility for large scale importers/ exporters

Facility for large scale importers/ exporters to obtain Marine Insurance Policies at their doorstep through our e-marine system

Eligibility
  • Policyholder should have an insurable interest on the asset
  • Policyholder should be eligible to sign an insurance agreement as per the legislation framework of Sri Lanka
  • Consignment should consist of legally accepted goods for marine transportation
Why should I select Sri Lanka Insurance as My Insurance Partner?

Sri Lanka Insurance is the pioneer insurance company in the island with a history spanning 57 years. Being backed by the state has added to its strength and credibility while it has the most experienced technical knowledge base. Its Life Fund in excess of LKR 116 billion and asset base of over LKR 211 billion are unmatched in the industry.

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Hotline : +94 11 235 7357

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