Marine-Cargo Insurance is a contract of indemnity against loss/damage to the insured cargo/goods during the transit period by Land/Sea/Air. In addition, extraneous risks/perils like Theft, Pilferage and Non-Delivery (TPND), WAR, Strikes, Riots and Civil Commotion (SRCC) Clause can be added to the cover at extra premium. For Export/Import Business, the Institute Cargo Clause A/B/C is used.
- Institute Cargo Clause A :
- Institute Cargo Clause B :
- Institute Cargo Clause C :
Lumbini General Insurance Company Ltd. issued first policy on 13th July, 2005.