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Marine Cargo
Insurance
Marine Insurance policy
A) Types of cargo Insurance
policies :
1- Import
policy
2- Export
policy
3- Internal
cargo policy
B) Types of cover Insurance
:
1- Institute cargo clause A (total loss)
In this type of policy all loss or damages due
to goods carriage is payable by Mellat Insurance Company , without deducting
franchise, expect as provided in clause 4 , 5 , 6 , 7 of general policy
conditions .
2- institute cargo clause B
In this type of policy all loss or damage due
to goods carriage is payable by Mellat Insurance Company with deducting the
franchise which is contained in the policy , expect as provided in clause 4
, 5 , 6, 7 of general policy conditions .
3- Cargo
clause C and plus non-delivery
The insurer undertakes to indemnify those
losses which is specified in general conditions of the policy.
4-
Total loss cover
(goods destruction by fire in one stage)
5- Fire
and accident cover of conveyance in internal cargo policy.
6- Goods
carriage cover in the area of Persian Golf launch , barge and small crafts
for each of the covers mentioned above (part B)
Facilities which provided by Mellat Insurance
Company in case of premium :
1- 10% cash payment discount
for all type of cargo policies.
2- 20% discount for carriage of
goods in container to final destination (warehouse or factory, …)
3- 10% discount for carriage of
goods in container to the port or custom house of destination country.
4- 25% aerial discount for
carriage of goods through air.
5- 30% discount for import
policies with no letter of credit opened through bank.
6- 45% discount for exportable
goods which the premium is paid in Rials.
7- 65% discount for exportable
goods which the premium is paid in foreign currency.
It is modifiable that in this case obligation
of Mellat Insurance Company in compensating the loss is to the extent of
insured amount of the policy (insured value is based on foreign currency)
8-
30% discount for
the carriage of goods through the ports and island of the country and island
and countries located at Persian Golf , Golf of Omman and the area of
Caspian sea.
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