The following are the classes of insurance Beema provides:
MARINE HULL INSURANCE
We offer the following classes of insurance for all types of vessels i.e. luxury crafts and yachts, cargo ships, oil tankers, LNG carriers, tugs, barges, supply, etc.:
• Hull & Machinery – Marine Perils
• Protection and Indemnity Cover
• War and Strikes etc. Risks
• Loss of Hire / Earnings
• Builders Risks
• Charterers Liability
• Ship Repairers Legal Liability
• Marina Operators Liability
• Port Operators Liability
• Stevedores Legal Liability
• Mortgagees Interest
MARINE CARGO INSURANCE
Movement of cargo around the world by ship, air, land conveyance and other means is a continuous business operating across all time zones, and thus, naturally involves a plethora of risks. This is why our Marine Cargo Insurance policy covers the risks involved in the transportation of cargoes, such as carriage of sensitive cargoes, valuable cargoes, plant and machinery, bulk and project cargoes that are diverse.
These risks include damage by fire, theft, breakage, drowning, accident and other perils.
This policy is recommended for importers, exporters, manufacturers and large project cargos (principals/contractors) on warehouse to warehouse basis.
MARINE CARGO WAR AND STRIKES INSURANCE
Marine Cargo War and Strikes Insurance covers against accidental physical loss and/or damage to the cargo during transit by sea, air, land or parcel post caused by war and strikes.
NOTE: TYPES OF POLICIES:
Beema issues two types of cargo insurance policies:
1. Single Cargo Policy
This policy is issued to individuals or companies to cover the transit of cargo for a single consignment on terms and conditions to be agreed prior to shipment.
2. Open Cargo Policy
This is a long-term contract (generally signed for a period of 12 months) is specifically designed for companies with large volume of business. It automatically covers all their transits that fall within the scope of the policy’s terms and conditions.