Marine Insurance is one of the oldest forms of Insurance. Marine Cargo Policies cover loss of and/or damage to the insured goods carried by sea, by air and rail/road transit.

The covers with respect to Inland transit is to be provided as per Rail/Road Cargo Clauses A and B.

(a) Rail/Road Cargo Clause “A”

It covers all risks of loss or damage to cargo except exclusion as mentioned in the Rail/Road Cargo Clause “A”.

(b) Rail/Road cargo Clause “B”

It covers loss or damage to the cargo against the following perils:

• Fire or Explosion
• Overturning or derailment of land conveyance
• Collision or contact of conveyance with any external object other than water