Typical exclusions under marine cargo policies include: Ordinary leakage, normal loss in weight, normal wear and tear Loss due to poor or insufficient packing Delay (without physical damage to the goods) Inherent defect or nature of the goods (e.g. self-heating chemicals) Wilful misconduct of the insured War, strikes, riots and…
#demurrage #detention #claimsettlement #marinecargo Our interactions with some of our clients and fraternities got us the following insights on their pain-points w.r.t. Assurance cargo insurance, Lack of Specialization in Marine Insurance – This is a big one. They (the consultants) should’ve known this is not your average general insurance. …
Know the Mandatory Time Limits for Filing Claims Against Carriers & Authorities in India When goods are transported by sea, port, rail, road, air or through multimodal logistics, every carrier has a legally defined time limit for reporting loss or damage and for initiating a legal claim. Missing these timelines…
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