Marine Cargo Insurance

Marine Cargo Insurance is an insurance that provides protection against goods transported either by land, sea or air, except risks excluded under policy.

MPM Insurance offers 2 types of marine cargo insurance coverage/policy during transport or delivery:

Polis Standar Asuransi Pengangkutan Barang Indonesia (PSAPBI)

Coverage I   :

Cover the loss, damage, and responsibility for the goods and or the interests insured.

Coverage II  :

Cover the loss due to:

• Fire or explosion
  • Stranded, sank or turned upside down ship
  • Collision of land transport, inverted or out of rails
  • Collision of ships with ships, collision of ships with different objects except water
  • Unloading of goods at the emergency port
  • Earthquake, tsunami, volcanic eruption or lightning strikes
  • Sacrifice for general losses at sea, jettison, swept goods by waves , sea water intrusion into the ship
  • Thrown cargo into the sea

Coverage III :

Cover the loss due to:

• Fire or explosion
  • Stranded, sank or turned upside down ship
  • Collision of land transport, inverted or out of rails
  • Collision of ships with ships, collision of ships with different objects except water
  • Unloading of goods at the emergency port
  • Sacrifice for general losses at sea, jettison
• Institute Cargo Clause (ICC)
• ICC (Air):

Institute Cargo Clause (ICC)

• ICC (Air): Cover all risks of loss or damage to the insured object.
• ICC A (equal to PSAPBI Coverage I)
• ICC B (equal to PSAPBI Coverage II)
• ICC C (equal to PSAPBI Coverage III)

Get the quotation of Marine Cargo Insurance by filling out the application form on the right.