Marine Cargo Insurance is a system of financial protection against the accidental of fortuitous events like,

• Loss to the cargo during a voyage due to sinking of the ship
• Damages due to entry of seawater into the holds of the ship during heavy weather
• Damages to the cargo whilst in transit in rail/lorry due to accident or fire
• Damages to the cargo due to rainwater in Railway wagons in transit
• Damages due to fire whilst stored in transit before delivery to the final destination
• Damage to cargo whilst carried by air/inland water ways
• Total loss of package sent by registered post
• Expenses incurred to prevent aggravation of loss or save the property
• Sacrifice or expenditure incurred to save the entire adventure whilst in danger

The cost varies with the risk exposure and is calculated at a rate applied to the amount insured. The premises usually need to be surveyed to assess the existing hazards as well as to make necessary recommendations in order to reduce the risk of loss. These messages offer a brief description only. The actual policy wording prevails.