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Marine Insurance Service

Secure Your Shipments with Comprehensive Marine Insurance

Don't leave your valuable cargo to chance. Protect your business from financial loss with our tailored marine insurance policies, offering complete peace of mind from origin to destination.

Why is Marine Insurance a Non-Negotiable for Importers & Exporters?

International trade is fraught with uncertainty. From the moment your cargo leaves your warehouse until it reaches the buyer, it is exposed to a multitude of risks, including accidents, theft, natural disasters, and improper handling. Marine insurance is a critical financial safeguard that protects the value of your goods against loss or damage during transit.

Contrary to its name, modern marine cargo insurance extends well beyond sea transport, providing coverage for shipments by air, road, and rail. For any business involved in import-export, having the right insurance is not just a best practice—it's an essential component of a resilient supply chain, protecting you from potentially catastrophic financial losses. At Vansh Maritime, we make securing the right coverage simple and seamless.

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Our Marine Insurance Coverage Options

Flexible Policies Tailored to Your Shipping Needs
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Specific Voyage Policy

This policy is designed to cover a single transit from one specific point to another. It's the perfect solution for businesses that ship goods infrequently or have a one-off high-value shipment. Coverage begins when the cargo leaves the origin and ends upon its arrival at the destination.

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Open Cover / Annual Policy

For frequent shippers, an Open Cover or Annual Policy is the most convenient and cost-effective option. This policy provides continuous coverage for all your shipments over a 12-month period, eliminating the need to arrange insurance for each individual transit.[2] It simplifies administration and often comes with more favorable premium rates.

Understanding Your Scope of Coverage

What Risks Can Your Cargo Be Protected From?

Experience

Institute Cargo Clauses (A) - "All Risks"

This is the most comprehensive level of coverage available.[3] It protects against all risks of physical loss or damage from any external cause, except for a few specified exclusions (e.g., willful misconduct, ordinary leakage, inherent vice). This is the recommended coverage for most general and high-value goods.

Experience

Institute Cargo Clauses (B) - Named Perils

This policy provides coverage for specific listed risks, such as fire, explosion, vessel sinking or stranding, collision, and specific natural events like earthquakes or lightning. It also covers loss or damage caused by the entry of sea or river water into the vessel.

Experience

Institute Cargo Clauses (C) - Basic Risks

This is the most restrictive level of coverage, protecting against major catastrophic events like fire, explosion, vessel collision, sinking, and grounding.

Marine Insurance
Cargo Insurance
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Why Choose Us

Why Arrange Marine Insurance Through Vansh Maritime?

The Vansh Maritime Advantage: Integrated and Effortless Protection

  • One-Stop Solution: As your freight forwarder, we can arrange your marine insurance simultaneously with your shipping booking, saving you time and administrative hassle.

  • Expert Guidance: Our team has deep expertise in logistics and risk management. We will assess your needs and recommend the most suitable coverage for your specific cargo and trade lane.

  • Competitive Premiums: Leveraging our shipping volume and strong relationships with reputable insurance underwriters, we can secure competitive premium rates on your behalf.

  • Simplified Claims Process: In the unfortunate event of a claim, we are here to assist you. We will guide you through the documentation and claims process, liaising with the insurer to facilitate a swift and fair settlement.

  • Peace of Mind: Knowing your cargo is fully insured from door-to-door allows you to focus on your core business, confident that your financial interests are protected.

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FAQs

Frequently Asked Questions

No. The carrier's liability is extremely limited by international conventions and typically only covers losses caused by their own proven negligence. The amount of compensation is usually calculated based on the weight of the cargo and is almost always significantly less than the actual value of your goods.

The premium is calculated based on several factors, including the value of the goods (invoice value + freight + a percentage for anticipated profit), the type of cargo, the shipping route, the mode of transport (sea, air), and the level of coverage (Clauses A, B, or C).

If you notice damage upon arrival, it is crucial to immediately note it on the delivery receipt. Then, contact us as soon as possible to initiate the claims process. We will advise you on the necessary steps, which typically include arranging a survey to assess the damage and submitting the required documentation.

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