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Comprehensive Marine Insurance for Indian Trade

Protect your cargo across every leg of the supply chain, inland road and rail, sea freight imports under CIF/CIP terms and export consignments backed by Letter of Credit compliance. Placed on ICC-A/B/C clauses with full warehouse-to-warehouse cover.

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Coverage at a Glance
Inland Transit

Road, rail & IWT cargo nationwide

Import Cover

Warehouse-to-warehouse, all origins

Export Cover

ICC clauses, LC-compliant documentation

Open Cover Policies

Automated cover for regular shippers

22+ Years of Experience
18+ Lines of Cover
₹18,930 Cr+ Cargo Insured
6h Claims Response
Coverage

What Your Marine Policy Covers

From single inland consignments to complex multimodal import-export programmes, our marine placements are structured to close every gap in your cargo supply chain.

Inland Transit
Loss or damage to goods transported by road, rail or inland waterway. Covers fire, theft, accident, overturning and non-delivery.
Import Cargo
Warehouse-to-warehouse cover for goods shipped under CIF and CIP terms. Applicable from port of origin through Indian customs clearance.
Export Cargo
Cover for outbound consignments under ICC-A/B/C clauses. Structured to satisfy Letter of Credit and buyer's bank requirements.
Open Cover Policies
Blanket declaratory policies for businesses with regular cargo movement. Each shipment is automatically covered upon declaration.
️
Project Cargo & ODC
Specialised cover for out-of-dimension cargo, heavy lifts and capital equipment in transit including loading, unloading and multimodal handling.
Stock Throughput
Combined cover for goods from point of manufacture through storage and distribution to final delivery. Eliminates coverage gaps between transit and storage policies.
Marine cargo specialists at work
Marine Specialists
Advisory Approach

Why Marine Insurance Requires Specialist Handling

Marine cargo claims in India are complex, ICC clause interpretation, surveyor disputes, sub-standard insurer settlement ratios and inadequate sum insured are the most common causes of under-recovery. An experienced advisor protects you on all three fronts.

We benchmark your sum insured against current commodity values and freight costs, not last year's declaration.
We specify the right ICC clause, A, B or C, based on your cargo type, packaging and route, not the default the insurer prefers.
At the time of a claim, we co-ordinate the surveyor, manage documentation and challenge any settlement that falls short of the policy entitlement.
Target Clients

Who Needs Marine Insurance

Any business that moves goods, domestically or internationally, has a cargo exposure. The question is whether it is correctly covered.

01
Importers & Traders
Businesses importing goods under CIF or CIP Incoterms, requiring warehouse-to-warehouse cover that satisfies banking documentation requirements.
02
Exporters
Manufacturers and merchants shipping goods under Letter of Credit who need ICC-A documentation and insurer solvency that overseas banks will accept.
03
Manufacturers
Companies with raw material and finished goods movement across plant, warehouse and distribution networks requiring inland transit cover.
04
Logistics & 3PL
Third-party logistics operators who need carrier liability supplemented by comprehensive cargo cover across their client base.
05
Mining & Quarries
Iron ore, coal, marble and granite producers shipping bulk materials by road and rail to domestic and export ports.
06
Project Developers
EPC contractors and capital goods importers moving out-of-dimension equipment, heavy machinery and prefabricated structures.
Our Process

How We Place Your Marine Cover

A structured advisory process, from risk assessment to open cover management, ensures your programme is never left with gaps.

01
Risk & Cargo Assessment
We review your commodity type, packaging, mode of transport, route, declared values and claims history to identify the right clause, cover scope and sum insured.
02
Insurer Selection
We review leading marine insurers, compare clause wordings, premium rates and claims settlement ratios before recommending the right cover.
03
Open Cover & Claims Management
For regular shippers, we establish an open cover arrangement with automated reporting. When a claim arises, we deploy a surveyor immediately and manage the process to settlement.
Key Benefits

What Sets Our Marine Programme Apart

Beyond placing cover, we manage every aspect of your marine programme from clause specification to claims recovery.

6-Hour Claims Response
A surveyor is appointed and documentation checklist issued within 6 hours of any reported incident, before evidence degrades or cargo is moved.
Clause-Level Review
We specify the exact ICC clause, war risk, SRCC and special perils extensions relevant to your route and commodity, not a standard package.
LC-Compliant Documentation
Our placement letters and policy wordings are structured to satisfy UCP 600 requirements, accepted by all major Indian and international banks.
Open Cover Management
For regular shippers, we maintain your open cover, track declarations and ensure every shipment is automatically in cover without manual intervention.
FAQ

Frequently Asked Questions

Common questions about marine cargo insurance in India, answered plainly.

ICC-A is the broadest cover, it insures against all risks of physical loss or damage except named exclusions. ICC-B and ICC-C are named-perils policies covering progressively fewer events. For high-value or fragile cargo, we recommend ICC-A. For bulk commodities in robust packaging on well-established routes, ICC-C may be appropriate and more cost-effective.
Yes. A standard marine cargo policy covers goods in transit by sea, air, road or rail. The terms 'marine insurance' and 'cargo insurance' are used interchangeably in the Indian market and cover inland movements under the same policy.
The sum insured should reflect the CIF value (cost + insurance + freight) plus a customary 10% loading for anticipated profit. Underinsurance is the most common cause of partial claim recovery, we review your declared values against current commodity prices at each renewal.
Typically: original insurance certificate or policy, commercial invoice, packing list, bill of lading or airway bill, survey report, letter of protest (for sea cargo) and correspondence with the carrier. We assist in assembling the complete set before lodging with the insurer.
Cover under a marine policy follows the insurable interest. If you bear the risk of loss under the sale contract (e.g. FOB seller), cover should be in place until risk transfers. We can structure a clause to protect your interest precisely at the point at which title and risk pass.

Ready to protect your cargo?

Speak to a marine specialist today. We will review your current programme and identify gaps at no cost.

Request a Marine Review →
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