Under this category, we have two types of policies that are issued:

(a)        Marine cargo (whether by sea or air)

Under this the policies are issued on either Clause A, (all Risk): clause B (with Average) or Clause C.

The documents to be demanded from the proposer are:

–  The Form ‘M’ from the proposer’s Bankers and

–  The invoice whose figure must correspond with those in the Form ‘M’.

The Marine Cargo Policy should be on single transit or Open Cover.

(b)        Marine Hull

All ocean moving vessels including Fishing Trawlers and speed Boats must be insured under this policy.

Documents required

• Certificate of Valuation

• Out of water Survey Report

• Certificate of sea Worthiness

• Classification Certificate