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siddharthapremier@spil.com.np
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Siddhartha Premier Bhawan, Babarmahal

Marine and
Cargo

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Comprehensive Coverage

From accidents to theft and more, our policies provide complete protection for your peace of mind.

Customer-Centric Service

Our dedicated team ensures a seamless experience, from purchase to claim, always putting you first.

Competitive Premiums

We offer affordability without compromising quality, so you can enjoy the road worry-free.

Marine and Cargo

Understanding Your Insurance Options

Marine and Cargo Insurance provide coverage against physical damage or loss of goods during shipping whether by Land, Sea or Air. Marine Insurance is necessary because of various laws that limit the liability of the carrier. So Marine insurance is very essential to the traders/Industrialists etc.

During Sea Voyage: All Risks (ICC A) Fire or Explosion
  • Stranding, Sinking
  • Overturning, Derailment of land conveyance
  • Collision
  • Discharge of cargo at the port of distress
  • General average sacrifice
  • Jettison or washing overboard
  • The entry of the sea, lake, or river water into the vessel, craft, hold conveyance container, lift van, or place of storage
  • Salvage charges
  • Earthquake, lightning
  • Total loss of package in loading or unloading
  • Theft
  • Pilferage
  • Non-delivery
  • Any other risks not excluded in the policy
Basic Risks (ICC B)
  • Fire or Explosion
  • Stranding, sinking
  • Overturning, derailment of land conveyance
  • Collision
  • Discharge of cargo at the port of distress
  • Earthquake, lightning
  • General average sacrifice
  • Jettison or washing overboard
  • The entry of sea, lake, or river water into vessel craft
  • Total loss of package in loading unloading
Minimum coverage (ICC C)
Fire or explosion
  • Stranding, sinking
  • Overturning, derailment of land conveyance
  • Collision
  • Discharge of cargo at the port of distress
  • General average sacrifice
  • Jettison
Risk Excluded
  1. Willful misconduct of the insured
  2. Ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of cargo
  3. Insufficiency or unsuitability of packing or preparation of cargo
  4. Inherent vice or nature of the cargo
  5. Delay, even if the delay is caused by a risk insured against
  6. Insolvency of financial default of the owners, managers, characters, or operators of the vessel
  7. Un-seaworthiness of vessel or craft and unfitness of vessel, craft, conveyance container of the lift van
  • Use of any weapon of war employing atomic or nuclear fission. In addition, the following are excluded:
  1.  War Risks
  2. Strike risks(Including damage caused by terrorists)
Road Risks: All Risks (ITC A)
  • Fire
  • Lightning
  • Breakage of Bridges
  • Collision with or by carrying vehicle
  • Overturning of the carrying vehicle
  • Derailment or accidents of like nature to carrying railway wagon/vehicle
  • Theft
  • Pilferage
  • Non-delivery
  • Any other risks not specially excluded in the policy
  • The risks of SRCC (Strike Riot and Civil Commotion and Terrorism can also be covered on payment of extra premium
Basic Cover (ITC B)
  • Fire
  • Lightning
  • Breakage of Bridges
  • Collision with or by carrying vehicle
  • Overturning of the carrying vehicle
  • Derailment or accidents of like nature to carrying railway wagon/vehicle
Minimum Cover (ITC C)
  • Fire
  • Lightning

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