Marine Insurance!
CSI Marine Insurance is the specialist to offer our clients their requested tailored solutions for the transfer of complex maritime risks. You have huge consignments in transit? Have your insurance policy ready before moving your goods that you value the most. As the name suggests, CSI Marine insurance provided to ships, boats and most importantly, the cargo that is carried in them. It is very important because through marine insurance, ship owners and transporters can be sure of claiming damages especially considering the mode of transportation used.
Marine Cargo
Marine Cargo Insurance is said to be Mother of all Insurances. Marine Insurance covers for goods in transit for both Import and Export and the mode of conveyances on waterways, air and land routes. Marine Cargo Insurance is divided mainly into three broad segments; Import, Export and inland Transit.
Import: The goods coming in to Pakistan are covered from warehouse to warehouse and the contract is usually on C&F and CIF basis.
Export: The coverage is provided from warehouse to warehouse. The contracts can be CIF and FOB basis.
Inland Transit: It is a comprehensive plan that provides coverage to freight and goods throughout Pakistan irrespective of the place of origination and destination.
Marine Hull
It is a specific type of policy designed for marine vessels used for goods transport. This policy covers losses/damages to the Hull and Machinery of the vessel caused by maritime perils.
The insurance policy covers the following perils, losses and damages
Aviation
Like any other capital intensive business, aviation involves very large sums invested in modern aircraft and their operation. And considering the risks involved, if compensation for death or injury are to be assessed, it usually adds up to much larger sums. Even a small private aircraft may be the cause of a mid-air collision with similar financial consequences. The failure of a component manufactured by a small company may result in the loss of a fully loaded airliner. Because such catastrophic loss may arise it is normal for aviation risks to be excluded from many kinds of general insurance policy.
Aviation insurance is insurance coverage geared specifically to the operation of aircraft and the risks involved in aviation. Aviation insurance policies are distinctly different from those for other areas of transportation and tend to incorporate aviation terminology, as well as terminology, limits and clauses specific to aviation insurance.