MARINE CARGO OPEN INSURANCE POLICY

MARINE CARGO OPEN INSURANCE POLICY
We protect your goods in transit
At Magma HDI, we understand the critical need for your cargo to arrive at the destination, safe and sound. Accordingly, our Marine Cargo Insurance Policy covers goods (machinery, raw materials, finished goods etc.) during transit under a contract of affreightment.

Additional Covers
Clause A
Covers all risks of loss or damage subject to exclusions.

Clause B
Covers physical loss or damage caused by Fire, lightning and breakage of bridges. Collision with or by the carrying vehicle, derailment or accidents of the like nature to the carrying railway wagon/vehicle.

Clause C
Covers physical loss or damage caused by Fire and lightning

What's Covered
1.Primarily, this marine insurance policy covers physical loss or damage to insured goods during transits by
2.Sea Post Or Parcels Rail/Road/Air
3.All overseas transits are subject to Institute Cargo Clauses given by the Institute of London Underwriters.

What's Not Covered
While every effort is made to deliver the best possible service to you, Marine Cargo Policy does not cover:
Wilful misconduct
Ordinary leakage/loss in weight or volume , wear and tear
Improper packing
Inherent vice
Delay
Insolvency/financial default of carriers
War, strike, riot and civil commotion