Financial
ICC Clause B
Intermediate cargo insurance coverage protecting against specific named perils such as fire, explosion, stranding, sinking, overturning, discharge at port of refuge, and natural events like earthquakes and eruptions.
Intermediate cargo insurance coverage protecting against specific named perils such as fire, explosion, stranding, sinking, overturning, discharge at port of refuge, and natural events like earthquakes and eruptions.
Intermediate cargo insurance coverage protecting against specific named perils such as fire, explosion, stranding, sinking, overturning, discharge at port of refuge, and natural events like earthquakes and eruptions.
ICC Clause A
Broadest cargo insurance coverage from the Institute of London Underwriters protecting against all risks of physical loss or damage to goods, with expressly listed exclusions. It is the highest level of protection.
FinancialICC Clause C
Most basic and restrictive cargo insurance coverage protecting only against major perils such as fire, explosion, sinking, stranding, collision, and general average sacrifice. Does not cover theft or water damage.
FinancialMarine Cargo Insurance
Policy protecting the insured against losses or damage to goods during maritime transport. Can cover from basic risks to all risks depending on the contracted ICC clause.
FinancialInsurance Premium
Amount paid to the insurer as consideration for cargo insurance coverage. Calculated as a percentage of insured value (generally CIF + 10%) considering type of goods, route, and contracted clause.