This is in respect of maritime risks for imported goods, which is backed by a government regulation that such cover be arranged locally. There are two classes of maritime insurance cover commonly used, they are “A” clause and “C” clause.

‘A’ Clauses cover all maritime perils that may be envisaged. The rates applicable are dependent on the goods imported and the mode of packing, containerized cargo would always attract lower rates. The cover may be extended on a warehouse to ware house basis.

As for the ‘C’ clauses, the cover is restricted to total loss of consignment and the rating is lower compared to the ‘A’ clause.
In respect of a large organization that is involved in continuous importation, it will be necessary to arrange an open cover where consignment can be declared on the facility for a period of one year.