olux
bhutaninsurance.com.bt |
                                     
        Bhutan Insurance Limited                                             Your Insurer
Of Choice

              Providing Security, Building Confidence
                  
Our Products Marine Insurance

Bhutan Insurance limited offers comprehensive commercial product line aimed at businesses of all kinds and sizes. We offer products that match your business needs and provide you a perfect protection cover


Introduction

The coverage is generally defined by reference to clauses known as Institute Clauses. The ICC (C), ICC (B) and ICC (A) Clauses define different levels of coverage against marine risks and the cargo may be covered subject to any one of these clauses. The type of policy available is the specific policy to cover single consignment or an open policy.


Scope of cover

There are three types of covers: Institute Cargo Clause (C) : Named Peril basis Institute Cargo Clause (B) : Named Peril basis Institute Cargo Clause (A) : offers the widest form of cover under Marine Cargo Insurance in so far as it relates to the perils covered. ICC (A) is an unnamed perils clause. Sum Insured


Sum Insured

This is an agreed value policy. Normally, insurance is taken for CIF+10%


Premium

Rate depends on factors like nature of cargo, scope of cover, packing, mode of conveyance, distance and past claims experience


Significant Exclusions

This policy does not cover loss or damage due to willful misconduct, ordinary leakage, improper packing, delay, inherent vice, war, strike, riot and civil commotion


Main Extension

On payment of additional premium, Insured can opt for certain extensions to the cover provided under the policy. Extensions available are War, Strike, Riot and Civil Commotion and Duty Insurance Cover


Marine Export Transit Insurance Policy

Introduction

The coverage is generally defined by reference to clauses known as Institute Clauses. The ICC (C), ICC (B) and ICC (A) Clauses define different levels of coverage against marine risks and the cargo may be covered subject to any one of these clauses.


Scope of Cover

There are three types of covers:

1. Institute Cargo Clause (C): Named Peril basis

2. Institute Cargo Clause (B): Named Peril basis

3. Institute Cargo Clause (A): offers the widest form of cover under Marine


Cargo Insurance in so far as it relates to the perils covered. ICC (A) is an unnamed perils clause. The type of policy available is the specific policy to cover single consignment or an open policy.


Sum Insured

This is an agreed value policy. Normally, insurance is taken for CIF+10%


Rate depends on factors like nature of cargo, scope of cover, packing, mode of conveyance, distance and past claims experience


Significant Exclusions

This policy does not cover loss or damage due to willful misconduct, ordinary leakage, improper packing, delay, inherent vice, war, strike, riot and civil commotion.


Main Extension

On payment of additional premium, Insured can opt for certain extensions to the cover provided under the policy. Extensions available are War, Strike, Riot and Civil Commotion and Duty Insurance Cover