
Marine Cargo
Protects goods in transit by sea, air or land against
loss of or damage caused by a wide range of perils.
Important notice
You should read and understand the insurance policy and discuss with your insurance adviser or contact the insurance company directly for more information.
MSIG Insurance (Malaysia) Bhd is a member of PIDM. The benefit(s) payable under eligible product is protected by PIDM up to limits. Please refer to PIDM's TIPS Brochure or contact MSIG Insurance (Malaysia) Bhd or PIDM (visit www.pidm.gov.my).
Key benefits
Single Voyage
Coverage for one-time or occasional shipments, safeguarding against unforeseen risks during shipment.
Open cover
Open Cover marine insurance offers automatic, ongoing protection for shipments based on pre-agreed terms and conditions. Ideal for businesses with frequent and regular shipments, ensuring continuous coverage at minimal administrative effort.
Inland Transit (Goods in Transit)
Annual Inland Transit insurance provides annual coverage for goods transported over land, using either your own vehicles or third-party carriers, with an upfront premium charged based on agreed terms. Suitable for businesses with regular land shipments, ensuring continuous protection throughout the year.
Coverage
Read the product disclosure sheet and general terms and conditions before taking out this insurance. View downloads
- Institute Cargo Clauses (A) or Institute Cargo Caluses (Air)
- Institute Cargo Clauses (B)
- Institute Cargo Clauses (C)
Institute Cargo Clauses (A) or Institute Cargo Clauses (Air)
Covers all risks of loss of or damage to the goods in the Institute Cargo Clauses (A) except as provided in the exclusions.
Institute Cargo Clauses (B)
Covers against loss of or damage to the goods attributable to or caused by in the Institute Cargo Clauses (B):
- Fire or explosion
- Vessel or craft being stranded grounded sunk or capsized
- Overturning or derailment of land conveyance
- Collision or contact of vessel craft or conveyance with any external object other than water
- Discharge of cargo at port of distress
- Earthquake volcanic eruption or lightning
- General average sacrifice
- Jettison
- Washing overboard
- General average and salvage charges
- Entry of sea, lake or river water into the vessel craft hold conveyance container lift van or place of storage
- Total loss of any package lost overboard or dropped whilst loading on to, or unloading from vessel or craft
Institute Cargo Clauses (C)
Covers against loss of or damage to the goods attributable to or caused by in the Institute Cargo Clauses (C):
- Fire or explosion
- Vessel or craft being stranded grounded sunk or capsized
- Overturning or derailment of land conveyance
- Collision or contact of vessel craft or conveyance with any external object other than water
- Discharge of cargo at port of distress
- General average sacrifice
- Jettison
- General average and salvage charges
Note: This list is non-exhaustive. Please refer to the sample policy contract for the full list of exclusions under this policy
- Wilful misconduct of the Assured
- Ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of the goods insured
- Insufficiency or unsuitability of packing or preparation of the goods insured
- Inherent vice or nature of the goods insured
- Delay, even though the delay be caused by a risk insured against
- Insolvency or financial default of the owners/ managers/ charterers/ operators of the vessel
- Directly or indirectly caused by or arising from the use of any weapon or device employing atomic or nuclear fission/fusion or other like reaction or radioactive force or action
- Unseaworthiness of vessel or craft only if the Assured is aware at the time of loading of the goods
- Capture, seizure or arrest
- Derelict mines torpedoes bombs or other derelict weapons of war
- Strikes
- Terrorism
- War or civil war
Downloads
Marine Cargo Insurance - ENG
Marine Cargo Insurance - BM
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