Marine & Aviation
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Marine Insurance: The
oldest form of insurance, provides compensation to ship and cargo
owners against fortuitous loss and liability arising from risks
associated with a “Marine Adventure”. Marine cargo Insurance is
written under Institute Cargo Clauses terms. There are three
basic set of these Clauses:.
The “A” Clause is the widest and provides coverage for "all risk" of
loss or damage subject to specified exclusions which basically
excludes inherent vices of cargo.
The “B” Clause has a limited cover and is restricted to particular perils such as fire explosion, jettison or washing overboard. It includes Total loss of any package lost overboard or dropped whilst loading onto or unloading from the vessel or craft.
The “C” Clause is the
basic cover and is limited to the effects of major fortuities such
as: Discharge of cargo at a port of distress, jettison, vessel
or craft being stranded, grounded, sunk or capsized.
In addition, Maritime/Aviation Hull & Third Party Liabilities are
not left out in the cover. At Manny Insurance Brokers Ltd, we are
conscious of set down Rules, Protocols and Agreement of
International Organizations -- like International Civil Aviation
Organization (I C A O) et al -- in advising and placing the business
of our clients.
We study the market both locally and internationally to give our
clients the best available cover that suits their requirements. We
give money-worth services to our clients and this has endeared us to
all that have tried us.