Marine Insurance

MARINE INSURANCE: PICL OFFERS


     Marine Cargo Insurance

This insurance is associated with the transit of cargo/commodity from one place to another. The importers and exporters are the principal users of this insurance. The import into and export from Bangladesh are basically carried out by sea, air, road & rail. These dimensional modes of conveyance are set to embrace different tiers of risk.

The major risks covered under different modes of conveyance can by demonstrated by a simple diagram :

    Marine Hull Insurance

This cover is available for the vessels plying within the territorial waters of Bangladesh under Inland Time Clauses. The cover is also available for the ocean-going vessels under Institute Time Clauses. Different risks/perils are specified for the aforesaid clauses.