The purpose of various cargo insurance products is to cover loss or damage to goods in transit by any means of transport including while in storage.
Single Voyage Cargo Policy
This type of policy covers single shipments of cargo. It applies to cargo on a single voyage from the time it is received for shipment till it is discharged at the final destination including trans-shipments unless this is altered by virtue of the contract.
This type of policy covers all shipments of goods including while in storage within pre-agreed period and on pre-agreed terms and conditions.
Project Cargo and Delay Start Up Policy
This type of policy provides an extended cover against the financial losses as a result of delay in delivery of cargo following an insured peril. It is applicable for shipments of large equipment for specific construction and erection projects.