Specific Marine (Cargo) Insurance
Cover for a single consignment by road, rail, sea or air.
Goods are exposed to accidents, theft, fire and handling damage while in transit. A specific marine policy covers one named consignment from dispatch to destination. It suits businesses that ship occasionally; regular shippers usually save with an open policy, which we can also arrange.
Who needs it
- Traders and manufacturers sending goods within India
- Importers and exporters, depending on the Incoterm agreed
- Businesses shipping high-value one-off consignments
What's covered
All risks (ICC A)
The widest cover: physical loss or damage from any external cause, except exclusions.
Named perils (ICC B / C)
Cheaper cover for listed events such as fire, collision, sinking or overturning.
Inland transit
Road and rail transit within India, including loading and unloading where included.
Strikes, riots and war
Available as extensions.
What's not covered
We show you the catch before you buy. Common exclusions (exact terms vary by insurer and plan):
- Insufficient or unsuitable packing
- Delay, loss of market and inherent vice of the goods
- Wilful misconduct of the insured
- Insolvency of the carrier or ship owner
Popular add-ons
Warehouse-to-warehouse extension
Cover from the seller's warehouse to the buyer's, not just port to port.
Documents checklist
To get a quote or buy
- Commercial invoice
- Lorry receipt, bill of lading or airway bill
- Packing list
- Letter of credit terms (for import / export)
To make a claim
- Claim form and policy copy
- Invoice and transport document
- Damage certificate or short-landing certificate
- Survey report
- Copy of monetary claim lodged on the carrier
Frequently asked questions
Who should insure: buyer or seller?
It depends on the Incoterm. Under CIF the seller insures; under FOB or FCA the buyer usually does. We can check your contract.
Specific policy or open policy?
A specific policy covers one consignment. If you ship regularly, an open policy covers all shipments for a year, usually at a better rate and with less paperwork.
Related cover
Open Marine Transit Insurance
An annual marine policy that automatically covers all your consignments by road, rail, sea or air, declared as they move, so no shipment goes uninsured.
ExploreFire & Burglary Insurance
Property cover for buildings, machinery and stock against fire and allied perils, with burglary cover for theft after forced entry.
ExploreGroup Term Life Insurance (GTLI)
Employer-paid life cover for employees, as a flat amount or a multiple of salary, with simple group underwriting.
ExploreNot sure what you need?
Tell us about your family or business and we will suggest the right cover, in plain language.
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