Marine Cargo Insurance

What Is Marine Cargo Coverage?

Marine Cargo insurance covers the risks of loss, damage, expenses and liability to goods insured during transportation, caused by a wide range of perils. Covered transportation of goods includes transit by sea, air or land, anywhere in the world.

Coverage is usually on a “per voyage” basis, from the time the goods leave the seller’s premises until the time they arrive at the buyer’s premises.
How Does It Work?

Marine Cargo Insurance is to indemnify the cargo owner (which can be a buyer or a seller) and/or the financiers (such as the banks) against financial loss resulting from physical loss, damage, expenses incurred or liability from the transportation process.

Eligibility & Requirements

Applicable for business enterprises and corporations, subject to the insurer’s risk acceptance

Key Downloads

Marine Cargo Insurance Product Disclosure Sheet (ENG)

Marine Cargo Insurance Product Disclosure Sheet (BM)

Important Notes

Underwritten by Berjaya Sompo Insurance Berhad (Registration No. 198001008821 (62605-U))

Berjaya Sompo Insurance Berhad (BSIB) is a member of Perbadanan Insurans Deposit Malaysia (PIDM). The benefit(s) payable under eligible certificate/policy/contract is(are) protected by PIDM up to limits. Please refer to PIDM’s Takaful and Insurance Benefits Protection System (TIPS) Brochure or contact BSIB or PIDM (visit www.pidm.gov.my).

Disclaimer

The description of the features and benefits of the insurance product herein is not a contract of insurance and is only a brief summary of the insurance product for quick and easy reference. The complete terms and conditions of the insurance product are contained in the Policy Document of Berjaya Sompo Insurance Berhad (Registration No. 198001008821 (62605-U)), the Insurer.

CIMB Bank Berhad ("Bank") accepts no responsibility, obligation or liability for this insurance product and the services provided by the Insurer. The Bank merely acts as a distributor for this insurance product.

This insurance product is Berjaya Sompo Insurance Berhad's product and not a product of the Bank. Therefore this insurance product is not guaranteed by the Bank, its subsidiaries and/or its affiliates. The Insurer shall undertake the full insurance responsibilities, obligations and liabilities in respect of this insurance product.

Terms and Conditions apply.

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Marine Cargo Insurance

Benefits & Privileges

What Is Marine Cargo Coverage?

How Does It Work?

Eligibility & Requirements

Key Downloads

Important Notes

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