What is Marine Open Cover Insurance?
Cover provides a blanket cover against loss or damage to all goods transported by a specific carrier, or by a specific shipper, during a stated period. Who is this for? It's for anybody who owns cargo to be imported or exported.- Institute cargo clause, institute strikes clauses (cargo), institute war clauses (cargo), institute classification clause, institute replacement clause and institute malicious damage clause
- Road/rail transit clause (All Risks, including SRCC)
- Institute standard conditions for cargo contracts
- Including risks of loading and unloading
- Institute theft pilferage and non-delivery (insured value) clause
- Overnight security
- Tarpaulin clause and books clause
- Hold up and hijack extension, riot and strike extension
- Loading and unloading risks
- Transshipment/storage for 7 days at premises
- Rail and/or road risks clause (All Risks)
- Your name
- Type of goods to be insured
- Phone contact and email address
- Value of goods
We will not cover the following:
- War and related perils and terrorism
- Theft from unattended vehicle/vessel
- Willful neglect
- Consequential loss damage
- Year 2000 related problems and computer viruses
- Fines and damages
- Theft by own employees
- Wear and tear or depreciation
- Atmospheric or climatic conditions unless the property is conveyed in a closed vehicle