The Marine Insurance Policy provides cover from the time the goods are dispatched from the supplier’s warehouse, to the buyer’s warehouse. (This also applies to the transportation of goods within Sri Lanka.)


Types Of Policies
Voyage Policy
The Voyage Policy is issued to cover a single voyage. (Import, Export and Local transits)
Open Cover
An Open Cover provides advance cover where the terms and conditions are agree upon. The maximum value of any one shipment dispatch has to be declared at the time of issue of the Open Cover. This type of cover is issued to importers, exporters and those who have frequent shipment or transits.
Open Policy
An Open Policy is similar to the Open Cover except there is an estimated annual value declared and a deposit premium collected on the value.

Goods In Transit Policy

A Goods in Transit Policy provides cover for the transportation of goods within Sri Lanka. This is especially designed for round trips or sales trips.

    
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