Marine Cargo

Provides cover for loss of or damage to goods whilst in transit and in storage during the normal course of transit, including imports, exports, inland transits, loading and unloading, and returned goods on a worldwide basis. Goods can be raw materials and/or finished goods and claims are paid based on the value of the goods, rather than weight, subject to the policy limits specified.
Cover can be extended to include:

Non-Sale Movements such as inter-company movements, exhibitions, engineer’s tools and rep’s samples.
Storage of goods outside the normal course of transit
Stock throughput cover – A combination of marine cargo, stock and distribution cover all in one.
Whilst cover is provided on a worldwide basis, your policy will include an Excluded Territories clause as standard. The excluded territories are usually: –

Afghanistan, Angola, Democratic Republic of Congo, Ethiopia, Iran, Iraq, Lebanon, Liberia, Libya, Malawi, Nigeria, Philippines, Rwanda, Somalia, Sudan, Yemen, all former Yugoslavian states (see below) and all former USSR states (see below).

Former Yugoslavian states – Bosnia, Herzegovina, Croatia, Macedonia, Serbia & Montenegro, and Slovenia.
Former USSR states – Armenia, Azerbaijan, Belarus, Estonia, Georgia, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Moldova, Russia, Siberia, Tajikistan, Turkmenistan, Ukraine and Uzbekistan.

Although these tend to be standard throughout the market, they are subject to change so please check your policy wording for exact details. Insurers will consider inclusion of cover for excluded territories on an individual basis subject to full details.