MPI Generali

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Marine Cargo

This policy covers loss or damage to your goods caused by peril insured while in transit from one place to another by sea or by air or by rail or land conveyance.

The following is the types of coverage offered:

  1. Institute Cargo Clause (ICC) (A) 1.1.82
    This is the widest form of cover. This Policy covers all risks of loss of or damage to the goods except as provided in the exclusions.
  2. Institute Cargo Clause (ICC) (B) 1.1.82
    This policy covers against loss of or damage to the goods attributable to or caused by:
    • Fire or explosion
    • Vessel or craft being stranded, grounded, sunk or capsized
    • Overturning or derailment of land conveyance
    • Collision or contact of vessel, craft or conveyance with any external object other than water
    • Discharge of cargo at port of distress
    • Earthquake, volcanic eruption or lightning
    • General average sacrifice
    • Jettison
    • Washing overboard
    • General average and salvage charges
    • Entry of sea, lake or river water into the vessel, craft, hold, conveyance, container, lift, van or place of storage
    • Total loss of any package lost overboard or dropped while loading onto or unloading from vessel or craft
  3. Institute Cargo Clause (ICC) (C) 1.1.82
    • Fire or explosion
    • Vessel or craft being stranded, grounded, sunk or capsized
    • Overturning or derailment of land conveyance
    • Collision or contact of vessel, craft or conveyance with any external object other than water
    • Discharge of cargo at port of distress
    • General average sacrifice
    • Jettison
    • General average and salvage charges

Note: This list is not exhaustive. Please refer to the policy contract for the full list of terms and conditions under this policy.

With the payment of additional premium, the cover of this Policy may be extended to include the following coverage:

  • War as provided in the Institute War Clauses (Cargo)
  • Strikes as provided in the Institute Strikes Clauses (Cargo)

For detailed information, please refer to: