Marine Insurance

Marine Insurance provides financial protection against loss or damage to goods during transportation by sea, air, road, or rail. In Bangladesh, where international trade plays a vital role in the economy, marine insurance ensures secure import and export operations. Whether you are an importer, exporter, manufacturer, or logistics provider, this policy safeguards your cargo from unforeseen risks during transit.

Cargo Security

End-to-end transit protection worldwide.

LC Compliance

Full compliance with banking & LC requirements.

Fast Claims

Transparent and prompt settlement procedure.

TRANSIT COVERAGE

What is Covered?

Our Marine Insurance policy typically covers the following risks. Coverage applies to both international shipments and domestic inland transportation within Bangladesh.

Fire or Explosion

Damage caused by accidental fires or explosions during transit.

Vessel Collision or Sinking

Protection against vessel accidents, grounding, or sinking.

Storm, Cyclone, or Disasters

Natural calamities affecting sea or inland routes.

Theft, Pilferage & Non-Delivery

Cover against cargo theft, looting, or total non-delivery.

Loading & Unloading Damages

Accidental drops or breakage during port handling.

General Average & Salvage

Charges incurred to save vessel/cargo from common peril.

Inland Transit: Accidental damage during inland transit is fully supported alongside international shipments.

Types of Insurance

1. Cargo Insurance

Covers goods transported by sea, air, road, or rail.

2. Hull Insurance

Protects ships and vessels against physical damage.

3. Open Policy

Ideal for businesses with regular shipments throughout the year.

4. Specific Voyage Policy

Covers a single shipment or specific journey.

Who Should Take It?

Marine insurance is especially important in Bangladesh due to busy ports like Chattogram and Mongla.

ADVANTAGES

Key Benefits

Financial protection against transit risks

Compliance with banking and LC requirements

Peace of mind for international trade

Fast claim settlement process

Customizable coverage options

Exclusions

What is Not Covered?

Documentation

Required Documents

REIMBURSEMENT

Claim Process

1

Notify The Insurer

Notify the insurer immediately after loss occurs.

2

Survey Inspection

Submit required documents (Invoice, Bill of Lading, Packing List, etc.).

3

Survey Inspection

Survey inspection and verification (if required).

4

Assessment & Settlement

Claim assessment and final payout settlement.