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Single Transit Policy Made Easy
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Goods are at risk the moment they leave your warehouse and until they reach the buyer. A Single Transit Policy (or Marine Transit Insurance) protects these one-time consignments during this vulnerable stage. Whether the goods move by road, rail, air, or sea, the policy provides cover against loss or damage during that specific journey. The terms may vary depending on the transport mode, but the objective remains the same – to keep you financially safe if something goes wrong mid-way.
See More...Marine Transit Insurance policies are usually based on standard international wordings in Marine Insurance called Institute Cargo Clauses (ICC). These clauses define exactly what risks are covered and what is not. There are three main types – ICC (A), ICC (B), and ICC (C). Each offers a different level of protection and comes with its own pricing and exclusions.
This is known as All Risks cover. It offers the widest protection during transit. Your goods are covered for almost any accidental loss or damage unless specifically excluded. Some of the key events covered under Clause A include:
This is a Named Perils policy with slightly limited coverage. It protects against specific listed risks such as:
This is the most basic form of cover, and it includes only major transit accidents. Covered risks include:
Choosing the right clause depends on your cargo type, its value, the risks involved, and how much risk you are prepared to carry yourself. While ICC (A) offers the broadest peace of mind, ICC (B) and ICC (C) may be suitable for simpler shipments with lower exposure.
Marine Transit Insurance protects a one-time consignment while it is being moved from one place to another. It starts when the goods leave the sender’s location and ends when they are delivered to the final destination. This could be by road, rail, air, or sea. The cover is active only for that specific journey.
Marine Transit Insurance protects against many common risks that can occur while the goods are in transit. These include fire, explosion, collision, overturning, derailment, rough weather, theft, pilferage, water damage, and in some cases, loss during shipping accidents.
There are different levels of cover available. The most comprehensive is All Risks, provided under Institute Cargo Clauses (A) or Inland Transit Clauses (A). It covers almost every unexpected loss or damage, except for some standard exclusions like delay, poor packing, leakage, internal spoilage, or wilful misconduct under Single Transit Policy.
A more limited option is called Named Perils. This cover is based on Institute Cargo Clauses (B), Institute Cargo Clauses (C), or Inland Transit Clauses (B). It protects only against specific listed events such as fire, explosion, overturning, or theft.
The most basic cover is Total Loss Only, also called FPA (Free from Particular Average). This applies only if the entire consignment is completely destroyed or cannot be recovered without major cost. In such cases, the insurer pays the full declared value.
The cost of Single Transit Policy, or the premium, is determined by evaluating the risk associated with the cargo and setting a price accordingly. Factors like the value of the goods, the nature of the goods (for example, perishable or fragile), the mode of transport, and the distance of the journey all influence the premium.
Marine Transit Insurance offers practical protection when your goods are most exposed to risk. It helps ensure that even if something goes wrong during the journey, your business does not suffer a major financial loss.
Marine Transit Insurance (or Single Transit Policy) is a practical and cost-effective way to protect your goods during one-time or occasional shipments. Whether you are a manufacturer, exporter, supplier, or small trader, this cover offers financial safety and peace of mind.
Under Single Transit Policy, you only pay for the trip you need to insure. This is ideal for businesses that do not ship goods regularly or want to avoid the cost of annual policies.
Single Transit Policy covers damage or loss caused by fire, theft, collision, overturning, rough handling, water damage, and natural disasters during the journey.
You can use Marine Transit Insurance for sea, air, rail, or road transport. It also works for shipments involving more than one mode, such as road plus sea.
One accident can cause major financial loss. With Marine Transit Insurance, you get paid for damage or total loss, so your cash flow stays unaffected.
You can choose the sum insured based on the value of your goods. This makes Marine Transit Insurance more accurate and relevant for your specific shipment.
Insured shipments give confidence to buyers, clients, or distributors. It shows you are serious about protecting their goods and your business relationship.
Marine Transit Insurance (or Single Transit Policy) gives you the right level of cover without unnecessary cost or commitment. It is a simple way to protect high-value or sensitive cargo during one-off deliveries.
Marine Transit Insurance is designed for anyone who needs to move goods from one place to another, but does not want or need a full-year marine insurance plan. It is suitable for both businesses and individuals who transport goods occasionally or on a one-time basis.
Here are the people and businesses who should consider buying a Marine Transit Insurance:
Businesses that send goods once in a while or on customer demand can benefit from Marine Transit Insurance without paying for annual policies.
Those who deal in goods like textiles, machinery, auto parts, chemicals, or consumer items often need to send stock between locations. Marine Transit Insurance helps secure those shipments.
If you are shipping goods overseas or receiving items from another country, Marine Transit Insurance can protect your cargo during that specific journey.
Factories that send machines, raw materials, or finished goods to clients or warehouses can insure each movement as needed, without ongoing costs.
Firms that deliver large items such as industrial equipment or electrical panels for project work can use this policy to cover delivery from factory to site.
If you are sending valuable personal goods, machinery, or instruments for one-time use or relocation, Marine Transit Insurance offers protection during the trip.
Anyone who wants financial safety during the transport of goods should consider buying Marine Transit Insurance. It is simple, affordable, and focused on protecting what matters most during a specific shipment.
Marine Transit Insurance protects your goods from specific risks during one shipment. The actual coverage depends on the type of Institute Cargo Clause you select – A, B, or C. Each clause comes with a different scope of protection.
Transit insurance covers the financial impact of loss or damage to the goods during their journey. It protects against a wide range of risks, including theft, fire, accidents, natural disasters, and other perils specific to the mode of transportation—such as land, sea, or air. Some policies also include protection during loading or unloading, especially for cargo that is fragile or handled frequently. Coverage often extends to perils like earthquakes, explosions, lightning, and accidents involving the transport vehicle. Theft is another common risk that can lead to major financial loss, which is also covered under many transit policies. There are two broad types of transit insurance: Inland Transit Insurance, which covers goods being moved within the country, and Marine Cargo Insurance, which applies to shipments transported by sea.
Here is a simple breakdown of what is covered under each Institute Cargo Clause in Marine Transit Insurance:
This is known as All Risks cover. It offers the widest protection during transit. Your goods are covered for almost any accidental loss or damage unless specifically excluded. Some of the key events covered under Clause A include:
This is a Named Perils policy with slightly limited coverage. It protects against specific listed risks such as:
This is the most basic form of cover, and it includes only major transit accidents. Covered risks include:
Each of these options comes with its own price and scope. Clause A in Marine Insurance is best if your cargo is high-value or sensitive. Clause B in Marine Insurance works well for general goods that still need protection from natural or marine-related risks. Clause C in Marine Insurance is suitable if you want to cover only large-scale accidents at the lowest cost.
Understanding these coverage types helps you choose the right policy for your shipment—so you are protected from the moment the goods leave your hands until they safely reach their destination.
While Marine Transit Insurance provides strong protection, it does not cover everything. There are certain exclusions that apply across all Institute Cargo Clauses (A, B, and C) in Marine Insurance. These are events or situations where the insurer will not pay a claim. Understanding these exclusions helps avoid surprises at the time of loss.
If damage is caused deliberately or due to reckless behaviour by you or your agents, it will not be covered. Insurance is meant for unexpected losses—not actions taken on purpose.
Natural losses like drying, evaporation, or minor scuff marks are not covered. These are considered normal outcomes of transportation and are not treated as insurable events.
If the goods are naturally prone to spoilage, corrosion, or self-heating—such as fresh produce or chemicals—this damage is not covered. For such cargo, special deterioration or temperature-controlled cover is required.
If the goods were not packed properly to withstand normal movement during transport, the insurer can reject the claim. Strong packing is essential. Taking photographs during loading also helps in case of a dispute.
Transit insurance does not cover any business loss caused purely due to delay. Even if the delay was caused by an insured peril, there is no payout for lost sales or penalties.
If you knowingly load your goods onto a damaged or unfit ship, truck, or container, and something goes wrong, the policy becomes void. Marine Transit Insurance protects the insurer from preventable risks.
These exclusions are common across most insurers and are part of the core structure of marine cargo insurance. Knowing what is not covered helps you plan better, avoid disputes, and consider extensions where needed.
As soon as the loss or damage happens, contact us within 2 days. Share all relevant details and documents, such as photos or reports. We will make sure the process starts without any delays.
Once notified, a surveyor will visit your site within 1–2 days to assess the damage. Please avoid moving any damaged items until the surveyor arrives. After that, we will take care of the next steps.
We will guide you through submitting the necessary documents, including the claim form, incident notes, and financial records. Our team will ensure everything is submitted correctly and on time.
Once the documents are submitted, the surveyor will evaluate the claim and provide a settlement amount based on your policy terms. After approval, the insurer will finalise the settlement.
Once the settlement is approved, payment will be processed and issued to you or your beneficiary. After payment, the claim will be closed. If any further issues arise, we will be here to support you until they are fully resolved.
In 2020, a manufacturing company in Pune was sending a packaging machine to its distributor in Nagpur. Midway through the journey, the transport truck overturned on a sharp curve. The machine was badly damaged due to impact and shifting cargo. The company raised a Marine Transit Insurance claim. The insurer paid ₹6.8 lakhs to cover the machinery loss. This helped the business resend the equipment without delay or financial burden.
In 2017, a trader in Guwahati was transporting packaged electrical components to Siliguri. Heavy rainfall caused flash flooding on the highway, soaking part of the consignment. Several cartons were declared unfit for use. The trader filed a claim under the transit policy. The insurer approved ₹3.2 lakhs for damaged inventory and ₹18,000 for freight charges. The payout ensured the trader could replace the goods and retain the client.
In 2023, a business in Indore was shipping small machinery parts to a dealer in Raipur. During loading, one of the cartons slipped and fell off the trolley, damaging the contents inside. The receiver reported the damage at the time of delivery. The sender raised a Marine Transit Insurance claim. The insurer paid ₹1.1 lakhs for damaged goods and ₹7,000 for inspection and handling costs. This helped the sender recover the loss and maintain the business relationship.
Vishal Sharma
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