Marine Open Inland Transit Policy

It covers loss or damage of cargo / goods in ordinary course of transit within the country (Inland) between points of origin & final destination.

Modes of transport: Land, Air, Water, Courier

Types of Cargo that can be covered

• General Cargo: Furniture, Spare Parts, footwear, Electronic items, food items, textiles etc.
• Metals: Plastic, Iron and Steel Rolls, Leather
• Machinery: Standard size in Containers. Oversize in Bulk or Open Top containers
• Liquid Bulk Cargo: Crude Oil, Edible Oil, etc.
• Dry Bulk Cargo : Coal, grain, ore and other similar products in loose form

Who can buy?

Any person with insurable interest in the goods during its transit can be insure.

• Exporters
• Importers
• Manufacturers
• Traders
• Merchant Exporters
• Contractors of Projects
• Logistics Operators
• C&F Agents

Inland Insurance Policy is governed by Inland Transit Clauses

1. Inland Transit Clause – A (All Risk)
2. Inland Transit Clause – B (Named Perils)
3. Inland Transit Clause – C (Basic Cover)

Risks covered under Inland Transit Clauses A, B & C

Clause A

• All Risks Covered

Clause B

• Breakage of Bridges
• Collision with or by carrying vehicle
• Overturning / Derailment
• Fire & Lightning
• Any other risk not specifically excluded

Clause C 

• Physical loss or damage caused by Fire & Lightning

Exclusions –

• Wilful misconduct
• Ordinary leakage, ordinary loss in weight or volume or ordinary wear and tear
• Insufficiency or unsuitability of packing
• Inherent vice
• Delay, war, strikes
• Insolvency or financial default of owner, manager, charters or operators of the vessel
• Radioactive contamination
• Nuclear Perils