Air & Marine Cargo insurance coverage

No one can assure what happens next. Why take a chance when you can insure your valuables through us?

Why Sarvam Logistics for Cargo Insurance?

Sarvam Logistics for Cargo Insurance
Cargo Insurance Policy

Types of Cargo Insurance Policy

In the case of cargo loss or harm due to a peril protected against when at risk under the scheme, a cargo insurance policy compensates the cargo owner. The bulk of cargo insurance plans are “all risk” underwritten. This means that the insured are covered for all risk of loss or damage except for those risks that are specifically excluded in the policy such as loss or damage due to wilful destruction of the goods by the insured or the inherent vice of the goods.

Furthermore, if a claim is made, the process can be time-consuming and frustrating.

If a lawsuit is filed, international shippers are often dealing with courts in other countries, putting the consumer at risk of not receiving the loss amount.

It is always better to deal through an intermediary like consultant or broker for cargo insurances to get help with the correct product and mainly help with claims.

Types of Insurance and covers

Single Transit Cover

It Insures Cargo against risks for Specific Voyage, based on INCOTERM (International Commercial Terms). It can be within India or export/import transit.

Marine Open Policy

It provides automatic Insurance protection for a Specific Period of Time. Premium is a Deposit and adjustable on declaration. Always open until cancelled by Insurer or Insured.

Sales Turnover Policy

STOP- It’s a tailor-made product for discerning customer. The coverage is similar to an Open Policy for the term. It covers / protects the sales turnover of the customer. Requires minimum turnover. The premium is charged on the turnover.

Three Kinds of Covers

ICC-A, ICC-B, ICC–C

Know More About Cargo Insurance & Coverage

What are the documents required for Single Transit Cover?
  • Name and Address of the Insured
  • Commodity
  • Packaging Information
  • Mode of Transit (By Rail/Road/Air/Sea/Courier/Post)
  • Voyage From and To
  • Sum Insured (Invoice Value)
  • Basis of Valuation (Invoice Terms)
  • Copy of Invoice.
What are the documents required for Marine Open Policy?
  • Name and Address of the Insured
  • Commodity
  • Packaging Information
  • Mode of Transit (By Rail/Road/Air/Sea/Courier/Post)
  • Voyage From and To
  • Sum Insured (Invoice Value)
  • Basis of Valuation (Invoice Terms)
  • Annual Turnover for shipments
  • Per Sending Limit and Per Location Limit
Explain Types of Risk coverage?
  • ICC–C : Institute Cargo Clauses –C cover given by the IRDA is limited to risks that can strike during the carriage in forms of accidents etc.
  • ICC–B :Institute Cargo Clauses –B cover is includes ICC–C and few additional coverage for earthquake, volcanic eruptions, and few others.
  • ICC–A : Institute Cargo Clauses –A includes ICC –B and ICC–C and many other risks / damage caused while loading and unloading too. It is the widest coverage available.
Ocean Freight – Selection Parameters?
  • ICC–C: Institute Cargo Clauses –C cover given by the IRDA is limited to risks that can strike during the carriage in forms of accidents etc.
  • ICC–B : Institute Cargo Clauses – B cover is includes ICC – C and few additional coverage for earthquake, volcanic eruptions, and few others.
  • ICC-A :Cargo Clauses –A includes ICC –B and ICC –C and many other risks / damage caused while loading and unloading too. It is the widest coverage available.
Which areas in Tamil Nadu are you able to offer logistics services?
  • We are able to offer logistics services in Chennai, Coimbatore, Madurai, Trichy, Erode, Tirunelveli, Kanyakumari, Pondicherry, Vellore and Tirupur.
In which areas do you provide freight forwarding logistics services in India?
  • We have a team of logistics professionals who would be happy to assist you with all of your export and import needs. We can provide freight forwarding logistics services in all parts of India, including Chennai, Mumbai, Kolkata, Delhi, Noida, Gurgaon, Faridabad, Nagpur, Pune, Nashik, Bangalore, and Hyderabad.
Do you serve import and export logistics services globally?
  • We offer global import and export logistics services, and our expert team is standing by to help you with your international shipment. We can provide export and import logistics services in a wide range of countries, including Brazil, Mexico, Argentina, Chile, Africa, Asia, Japan, Cambodia, Myanmar / Burma, Malaysia, China, Italy, Germany, Taiwan, USA, and Indonesia.

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