General Insurance · advanced
Marine Insurance
Marine insurance for goods in transit: inland transit and international cargo covers, the Institute Cargo Clauses, general average, and the documents and steps a marine claim needs.
- 01Inland Marine InsuranceHow goods moving within India are insured: the three Inland Transit clauses, when cover starts and ends, specific and open policies, how goods are valued, and the standard exclusions for poor packing and delay.
- 02Marine Cargo InsuranceHow goods in international transit are insured: what marine cargo insurance covers, how the Incoterm decides who arranges it, the 110% of CIF convention, certificates of insurance, and the principles of proximate cause and subrogation.
- 03Institute Cargo Clauses (ICC) — Detailed AnalysisA closer look at the Institute Cargo Clauses: how (A), (B) and (C) differ, what all three exclude, who has to prove what, the separate war and strikes clauses, and the minimum cover Incoterms 2020 requires.
- 04General AverageGeneral average explained: what makes a sacrifice a general average act, how the loss is shared between ship and cargo, the bond, deposit and guarantee needed to release cargo, and how cargo insurance responds.
- 05Marine Insurance Claims DocumentationWhat a transit or cargo claim needs: the documents, the survey, the written claim on the carrier that keeps recovery rights alive, IRDAI's time limits for retail claims, and where a disputed claim can be taken.