Marine insurance covers the loss or damage of ships, cargo, terminals, and any transport or cargo by which the property is transferred, acquired, or held between the points of origin and the final destination.
This policy covers against loss or damage of cargo, moved one place to another by sea, air, land transit, parcel post or courier.
This policy covers the ship owner against the physical loss or damage to his assets namely the ship itself.
This insurance includes Charter’s liability, Ship owner’s liabilities as well as freight forwarder’s liability insurance.