New India is one of the leading marine cargo insurers in Asia, insuring commodities from bulk crude oil to precious diamonds. We have insured oil drilling rigs, bulk carriers, cargo carriers, passenger ships, dhows, fishing vessels, pleasure craft, tugs and lighters.
Marine cargo
- ICC (A) — all risks for cargo by sea, break-bulk or containers.
- ICC (B) — more restricted; shortage and rain-water damage are not covered.
- ICC (C) — the most restricted and least expensive.
- Inland transit — all risks, or road risk only (accident to the vehicle or fire).
- Air transit — all risks while carried by aircraft.
- Strikes, riots and civil commotion (SRCC) and war cover are available.
Marine hull (Institute Time Clauses – Hulls)
- Damage to the hull from an accident, and to the engine including breakdown
- Damage to third-party property from an accident; 3/4 collision liability
- General average and salvage charges
- A restricted Total Loss Only cover is also available. The sum insured should be the present-day replacement value.
For a quote, send us the details at support@newindiabahrain.com or call +973 1722 5158. Policy details given here are indicative, not exhaustive.