Iran Insurance Co. (Bimeh Iran) renders different standard Marine Cargo policies to provide covers according to latest insurance world clauses for local and international transportation of goods.
Institute cargo clauses come embedded in a marine insurance policy which covers cargo in-transit. Institute cargo clause can cover anything from the cargo to the container that holds its value along with the transport mode which is used to ship the items.
There are three basic sets of institute cargo clauses; A, B, C. Your coverage is directly related to your insurance premium. It means, the higher the marine insurance premium you pay; the more would be coverage you get. Here are the three institute cargo clauses as detailed below: