Marine Cargo Insurance

Marine Cargo Insurance is an insurance that provides protection against goods transported either by land, sea or air, except risks excluded under policy.

 

MPM Insurance offers 2 types of marine cargo insurance coverage/policy during transport or delivery:

1. Polis Standar Asuransi Pengangkutan Barang Indonesia (PSAPBI)

  • Coverage I   :

Cover the loss, damage, and responsibility for the goods and or the interests insured.

  • Coverage II  :

Cover the loss due to:

    • Fire or explosion
    • Stranded, sank or turned upside down ship
    • Collision of land transport, inverted or out of rails
    • Collision of ships with ships, collision of ships with different objects except water
    • Unloading of goods at the emergency port
    • Earthquake, tsunami, volcanic eruption or lightning strikes
    • Sacrifice for general losses at sea, jettison, swept goods by waves , sea water intrusion into the ship
    • Thrown cargo into the sea


  • Coverage III :

Cover the loss due to:

    • Fire or explosion
    • Stranded, sank or turned upside down ship
    • Collision of land transport, inverted or out of rails
    • Collision of ships with ships, collision of ships with different objects except water
    • Unloading of goods at the emergency port
    • Sacrifice for general losses at sea, jettison

2. Institute Cargo Clause (ICC)

  • ICC (Air):

Cover all risks of loss or damage to the insured object.

  • ICC A (equal to PSAPBI Coverage I)
  • ICC B (equal to PSAPBI Coverage II)
  • ICC C (equal to PSAPBI Coverage III)

 

Get the quotation of Marine Cargo Insurance by filling out the application form on the right.

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