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Marine Insurance
  • Marine Insurance

1. Marine Cargo Insurance
UFA provides you coverage for your imported cargo effected by all transport means whether by sea, by air or by land.
a- By Sea Freight: 3  types of cover are offered under Marine Cargo Insurance through Institute Cargo Clauses “A”, “B”, “C”.

RISKS COVERED

CLAUSE

“A”

CLAUSE

“B”

CLAUSE

“C”

1- Fire or Explosion

Yes

Yes

Yes

2- Vessel or craft being stranded, grounded, sunk or   

    capsized

Yes

Yes

Yes

3- Overturning or Derailment of Land conveyance

Yes

Yes

Yes

4- Collision or contact of vessel, craft or conveyance with

    any external object other than water

Yes

Yes

Yes

5- Discharge of cargo at a port of distress

Yes

Yes

Yes

6- Earthquake, volcanic eruption or lightning

Yes

Yes

No

7- General Average sacrifice

Yes

Yes

Yes

8- Jettison

Yes

Yes

Yes

9- Washing overboard

Yes

Yes

No

10- Entry of sea lake  river or river water into vessel, craft,

       hold conveyance, container or place of storage

Yes

Yes

No

11- Total loss of any package lost overboard or dropped

      whilst loading on to, or unloading from vessel or craft

Yes

Yes

No

12- Piracy

Yes

No

No

13- Accidental damage and breakage

Yes

No

No

14- Theft

Yes

No

No

15- Malicious Damage

Yes

No

No

16- General Average and Salvage charges

Yes

Yes

Yes

17- Expenses properly and reasonably incurred by the

      Assured to minimize the loss

Yes

Yes

Yes

b. By Airfreight: (2) types of cover are available:

  • Institute Air Clauses: it covers All Risks of loss of or damage to the subject matter insured.
  • Total Loss: it covers total loss of the subject matter insured following a total loss of the aircraft.

c. By Land: (2) types of cover are available:

  • Land Transit All Risks.
  • Land Transit only : it covers loss of or damage to the subject matter insured following fire, collision, derailment and overturning of the carrying vehicle.

ADDITIONAL COVERS:

  • War Risks (by Air & by Sea) waterborne only.
  • Strikes, Riots and Civil Commotion (by Sea, by Air and by Land).

2. Hull Insurance
UFA provides cover for your pleasure craft against All Risks and Third Party Liability including Passenger Liability at terms and conditions to be agreed.