Marine Insurance · sub-product

Marine Import (CIF / CIP)

Cover for goods being imported into India under CIF or CIP Incoterms. Warehouse-to-warehouse protection on ICC-A, B or C clauses, with documentation aligned to LC requirements where applicable.

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Coverage at a Glance

Warehouse-to-Warehouse

From overseas supplier dispatch through Indian inland delivery

ICC-A / B / C Clauses

Cover sized to your cargo type and risk appetite

LC-Compliant Documentation

Policies issued in line with banking requirements

Multi-Modal

Sea, air and rail transit on a single policy where required

Coverage

What this sub-cover provides

A focused placement that responds to the specific transit, treatment or workforce event this cover is designed for.

Ocean transit losses

All ICC-A perils covered for sea transit including general average, salvage, jettison, washing overboard and other maritime perils.

Port handling damage

Damage during loading at origin port, transhipment, stevedoring and unloading at destination port.

Inland transit on arrival

Cover from port-of-arrival through Indian inland route to the named consignee warehouse.

War & strike risks

Optional extensions for war, strikes, riot and civil commotion, recommended for cargo through politically active or strike-prone routes.

Temperature-sensitive cargo

Specific cover for cold-chain consignments with deterioration extensions where refrigeration could fail.

Concealed damage discovered post-delivery

Cover applies to damage discovered within a specified period after physical delivery, where the loss occurred during the insured transit.

Marine Insurance

Our Approach

Import cover is the cargo policy; the documentation is the claim.

On an import shipment, the policy wording matters less than the documentation. Survey at port of arrival, bill of lading endorsement, banker's verification on LC-backed shipments, the recurring reason for import-claim disputes is a documentation gap, not a wording gap. We administer the documentation alongside the placement.

Key Benefits

What you get when we place this cover

ICC clause selection matched to cargo

ICC-A for high-value or fragile goods, ICC-B for standard manufactures, ICC-C for bulk commodities, chosen against your specific consignment type, not defaulted to the broadest.

LC-compliant policy issuance

For LC-backed imports, the policy schedule, insured names, voyage details and clauses are all issued in the format your banker requires.

Port survey co-ordination

On a damaged-on-arrival consignment, we co-ordinate the port survey, BL endorsement and insurer notification within the window required by the policy.

Through-transit cover to warehouse

Single policy covers ocean and inland legs, removing the gap that often exists between a port-of-arrival policy and an inland transit policy.

FAQ

Common Questions

CIF (Cost, Insurance, Freight) applies to sea transport and is the most common Incoterm for ocean imports into India. CIP (Carriage and Insurance Paid To) applies to any mode (sea, air, road, rail) and is increasingly used for multi-modal consignments. The cover structure is similar; the responsibility for arranging insurance shifts to the seller under both.

No. War, strikes, riot and civil commotion are typically excluded from standard marine policies. They are available as paid extensions, and for politically sensitive routes (e.g. through the Red Sea, certain African ports) we recommend including them.

No. The policy attaches at the point of dispatch from the supplier's premises. Damage occurring before dispatch is the supplier's commercial liability, not a marine insurance event.

Claim value follows the insured value in the LC documentation, which is typically CIF value plus a margin (commonly 10%) to cover incidental costs and a profit allowance. The specific calculation is recorded in the policy schedule at issuance.