Marine Insurance
Comprehensive Marine Cargo Insurance Plans
Carrying goods is an essential part of your business. Protecting them whilst in cargo is an inescapable need for you. We understand you! Trust has created an essential program designed according to the international standards. Choose Marine Insurance and have one less thing to concern about.
Why TRUST Marine Insurance
According to international standards
This insurance policy is in line with the international insurance standards adopted internationally by the shipping and insurance market and applies to most countries in the world.
Premium insurance
The premium in compare to the value of the goods is very low so the insurance becomes a safe way out.
Who Is This Insurance For?
Aimed at individuals, importers or exporters of goods or people engaging in transit trade.
Coverage
The goods are insured in accordance with the international freight insurance standards based on London Institute Cargo Clauses and the most basic are the following:
- Institute Cargo Clauses (A) 1/1/09 – covers damage or loss of the goods transported for any reason other than the risks specifically excluded.
- Institute Cargo Clauses (A) 1/1/09 – covers damage or loss of the goods transported for any reason other than the risks specifically excluded.
- Institute Cargo Clauses (C) 1/1/09 plus earthquake, volcanic eruption or thunderbolt, seawater or freshwater inflow into container, container or storage, wave load dredging and total parcel loss during freight unloading.
- Institute Cargo Clauses (C) 1/1/09 - These Clauses offer limited coverage against the following named dangers: Explosion, fire, landfall or sinking of a ship, overturn or derailment of inland transport, impact or collision with another ship object, forced unloading of cargo carried to a port of refuge, voluntary dumping of cargo at sea and sacrifice of General Avarija.
Would you like more information? Do not wait! Contact us
Marine Insurance FAQs
What is marine insurance?
Marine insurance is not liability insurance. It is a contract of indemnity. It covers any damages or loss of cargo, ships, shipyards, floating equipment, etc. There is also personal Marine Insurance aimed at individuals who own watercrafts, yachts, megayachts or other types of leisure crafts.
Are marine insurance policies applicable globally?
Marine Insurance policies are in line with the international insurance standards embraced by the shipping and insurance market globally and apply to most countries in the world.
Is marine insurance policy compulsory in Cyprus?
Marine insurance is obligatory for all ship owners, cargo owners, and shipping corporations that use vessels for commercial or transportation purposes.
Does marine insurance cover theft?
Comprehensive marine insurance plans cover damages or loss of vessels caused by theft, fire, collision, sea dangers and third-parties. It may not cover, though, theft that incurred when the vessel was left unattended. Talk to one of Trust’s experienced insurance agents for more information on marine insurance Cyprus.
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