Marine Cargo

Tokio Marine, as the name shows, is one of the leading global players in Marine Insurance, with high reputation and acknowledgement throughout the world. We offer competitive and customer-focused products supported by friendly and well-trained claims staff, making you feel comfortable and relieved with efficient claims handling.

Marine Cargo and Goods in Transit Insurance is an integral part of International Trade and is required by Importers, Exporters, Manufacturers, Distributors, Retailers, Wholesalers and others engaged in the transportation of goods by sea, air, road, rail and post. The main hazards exposed during transit are:

In Hong Kong market, the most commonly used clauses are the Institute Cargo Clauses (A) 1/1/1982, which provide coverage in respect of All Risks of loss of or damage (subject to certain exclusions) to the subject matter insured whilst in transit. In addition, we provide the following extensions:

In the absence of "All Risks" insurance, coverage may be provided on the more restrictive basis, such as Institute Cargo Clauses (B) or Institute Cargo Clauses (C) according to the cargo nature or other situation. (Please refer to the comparison table below)

Risks		Institute Cargo Clauses
Proximate Cause		A	B	C
1.	Stranding, Grounding, Sinking or Capsizing	✔	✔	✔
2.	Overturning or Derailment of Land Conveyance	✔	✔	✔
3.	Collision of Ship or Craft with another Ship or Craft	✔	✔	✔
4.	Contact of Ship, Craft or Conveyance with anything other than Ship or Craft (excludes Water but not Ice)	✔	✔	✔
5.	Discharge of Cargo at Port of Distress	✔	✔	✔
6.	Fire or Explosion	✔	✔	✔
7.	Earthquake, Volcanic Eruption or Lightning	✔	✔	✘
8.	Malicious Damage	✔	✘	✘
9.	Theft/Pilferage	✔	✘	✘
10.	General Average Sacrifice	✔	✔	✔
11.	Jettison	✔	✔	✔
12.	Washing Overboard (deck cargo)	✔	✔	✘
13.	War Risks (except Piracy)	✘	✘	✘
14.	Seawater entering Ship, Craft, Hold, Conveyance Container Lift Van or Place of Storage	✔	✔	✘
15.	River or Lake Water entering same	✔	✔	✘
16.	Loss overboard during Loading/Discharge (total loss only)	N/A	✔	✘
17.	Any risks of physical loss or damage not specified	✔	✘	✘

We offer our customers an extensive suite of coverage which can be tailored to meet your individual requirement.

If you are exporting or importing on terms making you responsible for the insurance then the following will assist you in arranging the appropriate insurance coverage.

The coverage required may be either in respect of:

The above product information is for reference only. For details of coverage, terms, conditions, and exclusions, please refer to the policy wording.

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