MARINE CARGO INSURANCE

For more information, Call: 0729222208/0739222208

Marine cargo insurance in Kenya covers losses arising from physical damage to cargo and related liabilities whilst it is in transit by sea and whilst in storage. Goods imported from overseas are protected by the policy against a variety of perils. 

We provide insurance for export from Kenya and import to Kenya. The following documents are required:

• Packing list
• Sales invoice 
• Certificate of Incorporation & KRA Pin of person requesting marine cover insurance

The insurance is activated at the time the goods leave the warehouse or place of storage named in the policy for the start of the transit, continues during the ordinary course of transit and terminates either:

• On delivery to the consignees or other final warehouse or place of storage at the destination named in the policy or,
• On the expiry of sixty days after completion of discharge of the goods from the vessel at the final port of discharge. The indemnity provided under this policy is for "All Risks" of physical loss and/or damage to the goods whilst in transit from one country to another.

There are different types of covers.

Covered Perils	Option A	Option B	Option C
Fire or Explosion	Yes	Yes	Yes
Stranding, Grounding, Sinking, Capsize	Yes	Yes	Yes
Overturning or derailment of land conveyance	Yes	Yes	Yes
Collision or Contact of vessel with any external object other than water	Yes	Yes	Yes
Discharge of cargo at port of distress	Yes	Yes	Yes
General average sacrifice	Yes	Yes	Yes
Jettison	Yes	Yes	Yes
Earthquake, volcanic eruption, or lightning	Yes	Yes	No
Washing Overboard	Yes	Yes	No
Entry of sea, lake, river water into the vessel	Yes	Yes	No
Total loss of any package lost overboard or dropped during loading and discharge	Yes	No	No
Pirates	Yes	No	No
Malicious damage	Yes	No	No
Thieves	Yes	No	No
Excluded Perils	Option A	Option B	Option C
Willful misconduct of assured	No	No	No
Ordinary leakage, loss in weight or volume, ordinary wear and tear	No	No	No
Insufficient or unsuitability of packing	No	No	No
Inherent vice or nature of subject insured	No	No	No
Loss by delay / port of delay	No	No	No
Insolvency or financial default of carrier	No	No	No
Un-seaworthiness or financial default of carrier	No	No	No
War and Strike, Riot, Civil Commotion (unless extended	No	No	No

Either single voyage policies or annual policies are offered.

This cover is recommended for businesses whose operations involve regular importation of Raw materials, packaging materials, spares, etc and/or exportation of finished products from one destination to another by sea or air.

The cover considerations are based on;

• Type of goods being carried
• Packaging of the goods
• Mode of transportation
• Origins and destination of goods.

Compensation for physical loss or damage suffered due to such risks / perils as:
• Shortage due to tearing and bursting of bags / cans, overturning, derailment.
• Short delivery / Non-delivery, Leakage/Breakage
• Theft/Pilferage, Contamination.
• Denting/Bending/Chipping, Rusting.
• Rain water damage / Fresh water damage.
• Damage by extraneous substances.
• Breakage of bridges/Culverts.
• Damage due to jerks and jolts during transit , collision with or by carrying vehicle.
• Damage while handling at Port of Entry or at Exit Port.
• Damage while handling during loading / unloading at warehouses / intermediate stores / trans-shipment etc.
• Loss while unloading process at site due to failure of crane, slings, etc.
• Loss or damage due to lightning.