Brief description of damages*
Whether any injury/damages *
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*Please note: If you have checked the box, you will receive calls from Magma even
if you are on the DNC list.
At Magma HDI, we understand the critical need for your cargo to
arrive at the destination, safe and sound. Accordingly, our Marine
Cargo Policy covers goods (machinery, raw materials, finished goods
etc.) during transit under a contract of affreightment.
Primarily, this policy covers physical loss or damage to insured
goods during transits by (a) sea (b) post or parcels (c)
All overseas transits are subject to Institute Cargo Clauses A,
B & C given by the Institute of London Underwriters. The brief
coverage is as under:
*Can be bought back
Goods (merchandise) dispatched by rail or road from any place in
India to another domestic location (not in conjunction with an
overseas voyage) are subject to Inland Transit (Rail/Road) Clause
A, B & C. The brief coverage is as under:
(a) Inland Transit (Rail or Road) Clause - A (all risks): covers
all risks of loss or damage subject to exclusions
(b) Inland Transit (Rail or Road) Clause - B (basic cover):
covers physical loss or damage caused by:
(c) Inland Transit (Rail or Road) Clause - C: covers physical
loss or damage caused by
(a) For inland transit: Strike, riot and civil commotion
(b) For oversea transit:
While every effort is made to deliver the best possible service
to you, Marine Cargo Policy does not cover:
Magma HDI General Insurance Co. Ltd. All Rights Reserved.
IRDAI Reg. No. 149 dated 22nd May, 2012. CIN: U66000WB2009PLC136327
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Magma and HDI names and logos are trade names/marks of Magma
Fincorp Ltd., and HDI Global SE
and are being used by Magma HDI General Insurance Co. Ltd., under
agreement with owners of such trade names/marks.
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