| Marine Cargo may be separated into Conventional | | | | home removals), or livestock, with a choice of a |
| Cargo and Specialised Cargo. | | | | number of standard cover options. Individual terms |
| Conventional Cargo includes: | | | | and conditions may be arranged for sendings not |
| - combined cargo, import/export and within Australia | | | | catered for by standards covers. |
| - annual import/export, and | | | | Marine Inland Transit Open Cover Insurance |
| - single transit risks. | | | | Automatic insurance of goods, with monthly |
| Specialised Cargo can also include: | | | | declarations of sendings and no deposit premium |
| - fruit and vegetables | | | | required. |
| - bulk commodities | | | | Marine Goods in Transit Insurance |
| - livestock | | | | Annual insurance of all transit of goods or livestock |
| - cargo loss of profits, and | | | | which commence during the policy period. Premium by |
| - project cargo | | | | deposit, adjustable on declared value of annual |
| Marine Cargo insurance will cover you for loss or | | | | sendings. Two cover options, and a very wide transit |
| damage to goods in transit either within Australia or | | | | clause, plus valuable free cover benefits. |
| imports/exports to and from Australia or a | | | | Marine Goods in Transit (Own Vehicles) Insurance |
| combination of all three. | | | | A simple and inexpensive annual cover for losses |
| Based on the Institute of London Underwriters' | | | | occurring to goods carried in any vehicle owned and |
| wordings for road, air and sea travel, local insurer | | | | or operated by the Insured. This complements the |
| Marine Cargo insurance products can be arranged and | | | | cover provided by motor insurance on the vehicle. |
| placed on an "all risks" or restricted cover basis. | | | | Flat premium on sum insured per vehicle, without the |
| There are three types of marine cargo insurance | | | | need to record and declare the value of goods |
| coverage available: | | | | carried. |
| Institute Cargo Clause (A) covers all risks of loss or | | | | Marine Specified Items in Transit Insurance |
| damage to cargo except those excluded by the | | | | Annual cover for losses occurring during transit of |
| standard exclusions, such as delay, ordinary loss in | | | | any specified items likely to be regularly transported |
| weight or volume, ordinary wear and tear, insufficient | | | | by registered road vehicles, including trailers. Simple |
| and unsuitable packing and inherent vice. | | | | and affordable insurance against major transit risks |
| Institute Cargo Clauses (B) and (C) provide less | | | | for all kinds of items, from tools of trade, computers |
| comprehensive cover. | | | | and musical or other equipment, to boats or racing |
| MARINE CARGO (IMPORT/EXPORT) & MARINE | | | | cars. |
| INLAND TRANSIT INSURANCE | | | | Marine Carriers Cargo Liability Insurance |
| Annual Marine Cargo Insurance - Imports/Exports | | | | Insures the liability of carriers for loss of or damage |
| Cover for commercial goods being imported or | | | | to goods carried and resulting liability for delay, loss |
| exported to or from Australia. Convenient insurance | | | | of market or consequential loss. Includes approved |
| of all shipments where the insured's risk attaches | | | | legal costs. Available only to carriers using approved |
| during the policy period. Premium is by deposit, | | | | conditions of carriage. |
| adjustable on actual declared value of annual | | | | Marine Carriers Goods in Transit Insurance |
| shipments. Best suited to insurance of imports but | | | | A flexible insurance cover for customer's goods in |
| can apply to exports. | | | | transit, allowing the carrier to arrange compensation |
| Marine Single Transit Insurance | | | | for goods lost or damaged irrespective of legal |
| Insurance for a single sending of goods (other than | | | | liability. |