MARINE CARGO INSURANCE
ABU DHABI COMMERCIAL INSURANCE offers cargo insurance policies covering the risks of transit for all types of cargo transported by various modes of conveyance such as sea freight, airfreight, land transit and parcel post on standard terms and conditions.
Classes of Insurance
The following are the classes of insurance ABU DHABI COMMERCIAL INSURANCE provides:
Marine Cargo Insurance
This provides cover against accidental physical loss and/or damage to the cargo during transit by sea, air, land or parcel post.
Marine Cargo War and Strikes insurance
This provides cover against accidental physical loss and/or damage to the cargo during transit by sea, air, land or parcel post caused by war and strikes.
Types of Policies
ABU DHABI COMMERCIAL INSURANCE issues two types of cargo insurance policies:
Single Cargo Policy
This policy is issued to individuals or companies to cover the transit of cargo for a single consignment on terms and conditions to be agreed prior to shipment.
Open Cargo Policy
This is a long term contract (generally signed for a period of 12 months), which is specifically designed for companies with large volume of business. It covers automatically all their transits falling within the scope of the policy’s terms and conditions.