Risk Cover

There are three types of marine cargo insurance coverage available:

Institute Cargo Clause (A) covers all risks of loss or damage to cargo except those excluded by the standard exclusions, such as delay, ordinary loss in weight or volume, ordinary wear and tear, insufficient and unsuitable packing and inherent vice.

Institute Cargo Clauses (B) and (C) provide less comprehensive cover as detailed below:

Marine Risk Institute Cargo Clauses
  A (All Risk Cover) A (WiderRisk Cover) A (Basic Risk Cover)
Stranding, grounding, sinking or capsizing Yes Yes Yes
Overturning or derailment of land conveyance Yes Yes Yes
Contact of ship, craft or conveyance with anything other than ship or cfraft Yes Yes Yes
Discharge of cargo at port of distress Yes Yes Yes
Loss overboard during loading / discharge (total loss only) N/A Yes No
Fire or explosion Yes Yes Yes
Malicious damage Yes No No
Theft/ pilferage Yes No No
General average sacrifice Yes Yes Yes
Jettison Yes Yes Yes
Washing overboard (deck cargo) Yes Yes No
War risks No No No
Seawater entering ship, craft, hold, conveyance, container, lift van or place of storage Yes Yes No
River or lake water entering same Yes Yes No