Cargo is usually insured on a warehouse (of departure) to warehouse (of arrival) basis and frequently covering all risks as per Institute Cargo Clauses “A”. For lesser risk Institute Cargo Clauses “B” & “C” are used. Even cover on TLO (Total Loss only, due to total loss of the vessel/aircraft) basis is also available.
- Marine Import Cargo Takaful
- Marine Export Cargo Takaful
- Marine Inland Transit Takaful
Marine Hull Takaful
All types of ships, barges, tugs, dredgers, fishing trawlers, yacht, pleasure boats, speed boats etc. including voyages for breakup of ships under its own power or on tow can be insured against perils of sea.