Noor Marine Cargo Takaful

What is this product about?

The Marine Cargo Takaful scheme provides you with coverage for loss or damage to the goods as provided in the Institute Cargo Clauses (A), (B) or (C) 1.1.82 or Institute Cargo Clauses (A), (B) or (C) 1.1.09 respectively. You may cover your goods by choosing either of the below coverage subject to our Company’s approval.

What are the covers/benefits provided?

Institute Cargo Clauses (A) 1.1.82 / 1.1.09

This is the widest form of cover. This Policy covers all risk of loss or damage to the goods except as provided under the Exclusions.

Institute Cargo Clauses (B) 1.1.82 / 1.1.09

This Policy covers against loss of or damage to the goods attributable to or caused by:

Fire or explosion

Vessel or craft being stranded, grounded, sunk or capsized

Overturning or derailment of land conveyance

Collision or contact of vessel, craft or conveyance with any external object other than water

Discharge of cargo at a port of distress

Earthquake, volcanic eruption or lightning

General average sacrifice · Jettison or washing overboard

Entry of sea, lake or river water into vessel, craft, hold, conveyance, container or place of storage

Total loss of any package lost overboard or dropped whilst loading on to, or unloading from vessel or craft

General average and salvage charges

In addition to the above coverage, you may extend to the following risks by paying additional contribution:

– War as provided under the Institute War Clauses (Cargo)
– Strikes as provided under the Institute Strikes Clauses (Cargo)

Except for War Risks cover, Takaful effected under A, B & C commences from the time the goods leave the warehouse or place of storage and terminates either on delivery to the final warehouse at the destination or, on delivery