Marine Cargo Insurance: Global & Local Transit Solutions
In case the liability insurance of the forwarding authorities is not sufficient, or in case the shipping company is not recognized as the defaulting party, cargo insurance (cargo transportation insurance) is the essential policy. This commitment ensures that if during the cargo shipment the goods are destroyed or receive the damages covered by the insurance policy, the insurer will compensate the losses.
Why Secure Cargo Insurance with Iran Insurance Co.?
Iran Insurance Company, by presenting cargo insurances, tries to secure your capital against probable and unpredictable risks. Our goal is to provide quicker and more desirable services for our customers. Iran Insurance Company’s cargo insurance covers all risks pertaining to transportation of goods from/to different locations whether via sea, land, air or through a combination of them. These transits may be in Iran, From Iran, or To Iran.
Bime Iran is ready to issue terms and conditions same as standard London terms and conditions with competitive premium.
Different Types of Cargo Insurance Policies in Iran
We classify cargo insurance policies based on different criteria, which include: mode of shipment, origin and destination, and policy terms and conditions. However, cargo insurance is usually known to include international (import, export and transit) and domestic policies, available in normal and even during sanctions time.
We issue all kinds of standard cargo policies, including:
- All Risk (Clause A) – The most comprehensive transit coverage.
- Clause B – Coverage for named risks, typically covering major accidents.
- Clause C – Limited coverage for severe accidents and General Average.
- Complementary clauses such as **War** and **SRCC** (Strikes, Riots, and Civil Commotions).