Marine Insurance / Cargo

It’s the insurance of the imported cargo from the supplier to the imported's housewares , By this policy there are many covers:
- All Risks ( ship – motor vehicle , aircraft – train )
 .The insurance starts from loading the cargo and run until discharge in the Insured warehouses against all perils arising out of theft , fire , collision, overturning and shortage .
- Motor / train / Aircraft clause :
It covers losses due to fire , collision , overturning , bridges breakage , or any similar accident during cargo's transport.
- Internal transport
It covers losses due to overturning bridges breakage , fire , collision or any similar accidents or loss full freight unit or theft.

Policy Exclusion :

1. Robbery and plunder due to terrorism or war
2. Inherent defect
3. Inadequate packing
4. Willful act / Bankrupt of the vehicle's owner.
5. Delay arising out of loss or damage or using a weapon or transporting third party.
   
    

Marine claims / cargo

1- The Insured shall give a notice of any accident during a 15 days time limit of the consignment delivery .
2- Asurvey is carried out by the company and report of damage prepared by the company and the insured representatives . The Insured should furnish the company with the regular documents ( invoice of supplier , bill of lading , a certificate signed by the carrier confirm the damage or loss whether the carriage was by ( sea , motor , air ) .
3- The insurer examine the claim's documents and settle the loss according to the fixed prices in the supplier invoice .
4- The insured sign an discharge receipt and if there is any difference to the amount to be paid , the company shall express it to the insured .
5- In case of a recovery against the party caused the damage ( the carrier ) , the company shall takes all necessary procedures to obtain an indemnity from other parties by normal or legal means