SBU_MarineCover.png

TradeSure

This policy provides cover for goods in transit by sea, air, road, and rail. Loss of profits insurance following loss of goods during the transit and Cover for goods during storage after the voyage.

Features and Benefits

This policy provides cover for goods in transit by sea, air, road, and rail. Loss of profits insurance following loss of goods during the transit and Cover for goods during storage after the voyage.  

Your business will enjoy a number of benefits such as;

  • No gap in cover- Bank’s insurance covers the whole voyage
  • Easy cover to activate
  • Claims handling is easier as we deal with local insurers
  • Competitive price
  • The Bank has a vested interest in making sure any claim is paid

 

What is covered?

Provides cover against;

  • Fire/explosion
  • Sinking, stranding, grounding, capsizing of vessel
  • Overturning or derailment of land conveyance
  • Collision
  • Discharge of cargo at port of distress
  • Earthquake, volcanic eruption, lightning
  • Washing overboard
  • Entry of water into hold or place of storage
  • Loss while loading or offloading

Premium Calculation

Premiums vary depending on the classification of goods being transported.


Sharesocialicons