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New India
is one of the leading Marine Cargo Insurers in Asia
insuring commodities ranging from bulk crude oil to
precious diamonds. It's covers are recognized at par
with those of the most reputed insurance companies
in the world.
New India
has insured Oil Drilling Rigs, Bulk
Carriers, Cargo Carriers, Passenger Ships, Dhows,
Fishing Vessels, Pleasure Crafts, Tugs, Lighters,
etc. It provides standard global cover
adapted to the local conditions.
Marine
Cargo Insurance
Coverage
Institute Cargo Clause (A) i.e.
All Risk Insurance for various cargoes being transported by sea in
break-bulk or containers.
ICC (B) i.e. A more restricted
cover where shortage and rain water damage is not covered.
ICC (C) i.e. This is a still more
restricted cover with the least price where shortage, water damage of
any kind, washing overboard, earthquake, lightining, breakage,
scratching, infestation, hook and sling damage etc. are not covered.
Inland Transit All Risks
This is an All Risk cover for
goods transported by any land conveyance such as trucks or trains.
Inland Transit Road Risk Only
This covers loss to consignments
consequent to an accident to the carrying vehicle or due to fire.
Air
Transit All Risks
This covers All Risk damage to a
consignment due to any risk whilst being transported by an Aircraft.
Marine
Hull Insurance
We offer Marine Hull Insurance for
ocean going vessels where the coverage is as per Institute Time Clause
(Hulls). The coverage includes the following
- Damage to the Hull due to
accident.
- Damage to the Engine [including
breakdown.]
- Damage to Third Party Property
due to an accident.
- 3/4 Collision Liability.
- General Average and Salvage
charges.
A restricted cover of the above
namely Institute Time Clauses - Hulls, (Total Loss only) can also be
given.
The Sum Insured in the above
should be the present day replacement value of the Hull.
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