PERSONAL INSURANCES

It provides insurance for loss of or damage to a cargo transported by road, sea, air and rail. General cargo insurance policies classified as ICC (A), ICC (B) and ICC (C) under institute cargo clauses can be arranged as domestic and overseas insurance policies depending on the type of such cargo.

It is an insurance policy designed to protect wide, large-scale, heavy or critical equipment of a project against risks sustained during domestic and international transportation facilities. In addition to marine coverage, this policy also involves the disassembly and re-assembly of such items.

We prepare wordings that contain extended conditions for project insurance policies together with our team of specialists.

This insurance provides coverage for the legal liability in consequence of claims initiated against the insured for physical damage arising from accidents during the insurance period while goods, forklifts, cranes of Third Parties are loaded, unloaded, piled (stored) or replaced inside the warehouse under the custody, control and responsibility of the insured for storage purposes under a contract by loading, unloading and storage means within boundaries of the warehouse operated by the insured as part of its business operations, which is subject to the limits defined  as per special clauses set forth in the policy.

The Insurer arranges a contract in which applicable conditions are validated together with the type of cargo to be carried within a certain timeline as well as the type and limits of coverage. A Marine Cargo Insurance Policy is arranged for each shipment / voyage under this contract. This policy is one of operationally and economically effective policies. It automatically insures all shipments/voyages - subject to limits, conditions, prices and periods of insurance - upon which the insurer and insured agree together, and regardless of whether loading notifications are made in a timely manner.

A stock throughput policy is a comprehensive policy that insures the flow of goods from the source of production to its final destination under a single policy.

Marine Hull and Machinery Insurance protects the hull, machinery and equipment of the vessel against risks such as shipwrecking (grounding), sinking or collision during the voyage, or while staying at the port or on berth or during repair and maintenance.

This policy is extended to cover Explosion, Fire, heavy weather conditions, and the loading and unloading of cargo.

Hulls may suffer from a broad range of risks during construction processes. Vessels can be covered under a single builders? risk hull insurance policy as a whole.

This insurance is extended to cover expenses incurred for repairing and replacing (refurbishing) the defective item caused by inherent vice (provided that it is discovered during the insurance period), risks posed during the keel laying and building of the vessel, third party risks, launching risks, and trial trips (occurring within 250 nautical miles).

A yacht insurance policy covers yachts and pleasure (leisure) crafts used for commercial or private purposes on or off the sea or on the slipway (boat yard), which is subject to terms and conditions of the Yacht Insurance Policy.

Main risks covered;

• Risks such as sinking, grounding, collision etc. on navigable waters
• Theft, fire, lightning, explosion and earthquake whilst on or off the sea
• Loss or damage caused by contact with the dock (wharf) and port facilities, land vehicles or aircraft, and objects falling therefrom
• Expenses for removal of debris
• Loss of or damage to other yachts, third parties or third party properties.

This insurance provides coverage against loss of or damage to cargo, vessels, equipment and third party properties while in the custody or control of port operators during the berthing, loading, unloading and handling operations, and damage to third parties or loss of or damage to third party properties left at the port, and costs of proceedings in relation to such loss or damage.

This insurance indemnifies the insured in respect of their legal liability against the cargo owner as an intermediary for loss or damage connected with or arising from the cargo in transit during activities that a freight forwarder/forwarding agent helps arrange for the shipment under a contract and an international convention, acts and common laws, which are subject to special clauses and limits referred to in the policy.

This insurance provides coverage for the loss of income or for extra expenses incurred for the delay of the carriage due to perils covered under the Marine insurance policy.