Products – Marine Hull and Cargo Insurance – Siddhartha Premier Insurance Ltd.

Marine and
Cargo

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

Willful misconduct of the insured
Ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of cargo
Insufficiency or unsuitability of packing or preparation of cargo
Inherent vice or nature of the cargo
Delay, even if the delay is caused by a risk insured against
Insolvency of financial default of the owners, managers, characters, or operators of the vessel
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:

War Risks
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