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Marine Cargo Insurance
Protects your goods during transit from loss or damage by perils such as fire, explosion, grounding, sinking or collision, including jettison or General Average Contribution.
Key features
Policy can be customised to provide coverage for various types of goods.
Our experienced staff are able to provide suggestions that can be tailored to your business needs.
Global network for surveyors and settling agents under the wider MS&AD Group.
Policy can be swiftly issued within 1 working day.
Plan details
- Leading company ranking Top 5 in marine cargo in Thailand, ranking by The Insurance Premium Rating Bureau.
- Supporting policy issuance system through web site and we can issue policy and provide within 1 day.
- Worldwide networking and can provide claims service anywhere in the world.
- Provide standard coverage consultant by experienced underwriters and claims.
- Supporting claim service in case of claim occurrence.
| Risks Coverage | CLAUSE A | CLAUSE B | CLAUSE C |
|---|---|---|---|
| Fire or Explosion | ✔ | ✔ | ✔ |
| Vessel or craft being stranded, grounded, sunk or capsized | ✔ | ✔ | ✔ |
| Overturning or derailment of land conveyance | ✔ | ✔ | ✔ |
| Collision or contact of vessel with external object | ✔ | ✔ | ✔ |
| Discharge of cargo at a port of distress | ✔ | ✔ | ✔ |
| Jettision | ✔ | ✔ | ✔ |
| General Average | ✔ | ✔ | ✔ |
| Salvage Charges | ✔ | ✔ | ✔ |
| Forwarding charges | ✔ | ✔ | ✔ |
| Earthquake, volcanic eruption or Lighting | ✔ | ✔ | ✘ |
| Washing overboard | ✔ | ✔ | ✘ |
| Sea, Lake, River water damage | ✔ | ✔ | ✘ |
| Total loss of packing whilst loading onto or unloading from vessel or craft | ✔ | ✔ | ✘ |
| All risks of loss or damage to subject matter insured from external caused | ✔ | ✘ | ✘ |
Preferred interest
General goods stuffed in standard and closed container
Referral prior for insure
Heavy machinery, oversize cargo or project cargo
Bulk Shipment
Excludes shipment from/to the following countries:
Afghanistan, Balkans, Belarus, Bosnia and Herzegovina, Congo, Cote d'Ivoire (Ivory Coast), Croatia, Cuba, Eritrea, Haiti, Iran, Iraq, Lebanon, Liberia, Libya, Moldova, North Korea, Republic of Guinea (Conakry), Serbia and Montenegro, Sierra Leone, Somalia, Sudan, Syria, Zimbabwe and/or US, UN and EU Sanctioned Countries, Africa (except The Republic of South Africa), former countries of USSR, former countries of Yugoslavia, Nepal, Nicaragua and/or Countries in the war route.
Other exclusions:
- Ordinary leakage, ordinary loss in weight or volume of the goods
- Loss, damage or expense caused by insufficiency or unsuitability of packing or preparation
- Loss, damage or expense caused by inherent vice or nature of goods
A: Marine Cargo Insurance provides coverage for goods transported internationally by sea, air, or land. It protects against damage, loss, or risks that may occur during transit to or from destinations around the world.
A: MSIG Marine Cargo Insurance offers protection against damage or loss of goods caused by various incidents, including fire, explosion, collision, grounding, jettison, water damage, and mishandling during loading or unloading. It also covers certain expenses and liabilities such as General Average Contribution and marine salvage operations.
A: Marine Cargo Insurance is recommended for international traders, importers/exporters, manufacturers, distributors, and anyone regularly engaged in international commerce. It helps safeguard the value of goods against unforeseen events during transportation.
A: MSIG aims to process Marine Cargo Insurance claims within 15 business days upon receiving complete documentation from the insured. However, the timeframe may vary depending on the nature of the damage and the complexity of the documents. In some cases, the review period may be extended but will not exceed 90 days. Policyholders can track their claim status 24/7 via the MSIG Claim Tracking. system on the website.
For more information, please contact:
Web Contact Form click here
