Marine Insurance

This type of insurance provides coverage against physical loss or damage to goods during transportation by sea, air, land or parcel post resulting from wars and disasters.

Types of insurance policies for transported goods:

• Single Shipment Document

– This document is issued to individuals or companies to cover the transportation of goods for one shipment in accordance with the terms and conditions that are agreed upon before shipment

• Open Shipping Document

– This is a long-term contract (usually signed for a period of 12 months), designed specifically for companies with a high volume of business. It automatically covers all transported shipments that fallwithin the scope of the terms and conditions of this policy.