Cover Every
Voyage & Cargo.
Hull, machinery, and cargo cover for domestic and international trade.
Hull and cargo, at a glance
United Insurance Company Limited's marine packages comprise comprehensive coverage for both hull and cargo.
Schedule No. MH-2026
Hull Insurance
Concerns the insurance of ships, hull, machinery and other related maritime assets.
Schedule No. MC-2026
Cargo Insurance
Covers loss of or damage to goods during transit.
How cover is structured
Time Policy
Covers the subject matter for a specific period of time, usually 12 months.
Voyage Policy
Covers the subject matter for a specific voyage or journey, from one port to another.
Mixed Policy
A combination of time and voyage policies, covering both a specific period and a specific voyage.
Three tiers of cargo cover
Each clause builds on the one before it — ICC(B) includes everything in ICC(C), and ICC(A) is written on an all-risks basis.
Institute Cargo Clauses (C)
Basic coverage for major named perils.
Institute Cargo Clauses (B)
ICC (C) plus additional named perils.
Institute Cargo Clauses (A)
All risks of loss or damage from an accidental cause.
| Peril | ICC (C) | ICC (B) | ICC (A) |
|---|---|---|---|
| Fire or explosion | |||
| Vessel/craft stranded, grounded, sunk or capsized | |||
| Overturning or derailment of land conveyance | |||
| Collision or contact with any external object other than water | |||
| Discharge of cargo at a port of distress | |||
| General average sacrifice | |||
| Jettison | |||
| Earthquake, volcanic eruption or lightning | |||
| Washing overboard | |||
| Entry of sea, lake or river water into vessel | |||
| Total loss of package lost overboard or during loading/unloading |
Optional add-ons to ICC (B)
Theft, Pilferage and/or Non-Delivery
Coverage against theft and non-delivery of goods.
Fresh Water and Rainwater Damage
Damage caused by fresh water or rainwater.
Hook and/or Oil Damage
Damage from hooks during handling or oil contamination.
Heating and Sweating
Damage due to temperature changes causing condensation.
Damage by Mud, Acid and Other Extraneous Substances
Damage from external substances.
Breakage
Coverage for breakage of fragile items.
Leakage
Coverage for leakage of contents.
Bursting/Tearing of Bags
Damage from bags bursting or tearing.
What isn't covered
- Loss caused by willful misconduct of the insured.
- Ordinary leakage, ordinary loss in weight or volume or ordinary wear and tear.
- Loss caused by inherent vice or nature of the subject matter.
- Loss caused by delay.
- Loss arising from insolvency or financial default of owners of the vessel.
- Loss or damage due to inadequate packing.
- War, riot, strike, lock-out, civil commotions and terrorism.
Ready to Protect Your Marine Assets?
Contact our marine insurance experts for a tailored coverage plan.