Marine Cargo Insurance

Marine Cargo insurance protects all goods while in transit depending upon the needs of the client. For sea and air transits, the "Institute" Clauses, drafted by the Technical and Clauses Committee of the Institute of London Underwriters are adopted for use in Bangladesh. Three broad types of cover are available for sea transit i.e. Institute Cargo Clauses "A", "B" & "C" and two types of cover are available for air transit i.e. Institute Cargo Clauses, Air &, Air All Risks . On the other hand Transit by rail and road are covered either by Rail/Lorry/Truck only or Rail/Lorry/Truck All Risks Clauses drafted by Central Rating Committee of Bangladesh.