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Marine Cargo, Hull & Aviation Takaful

 

The marine cargo is normally covered under the standard coverage afforded by Institute of London Underwriters clauses known as Clause ‘A’, ‘B’ or ‘C’.

Clause A is the most comprehensive cover and subject to certain exclusions is known as “ALL RISK” cover, it typically covers loss or damage to cargoes arising out of typical perils of sea or air carriage to which a particular cargo may be exposed.

Clause ‘B’ is a named peril coverage and covers the loss of or damage to cargo reasonably attributable to following:

• Fire or explosion
• Vessel being sunk, grounded or capsized
• Collision of vessel or conveyance.
• Discharge of cargo at port of distress
• Earthquake, volcanic eruption or lightning
• Jettison or washing overboard, General Average
• Entry of sea lake or river water.
• Total loss of any package lost overboard or dropped loading or discharging.

Clause ‘C’ covers the loss of or damage to the subject-matter covered reasonably attributable to

• Fire or explosion
• Vessel being sunk, grounded or capsized
• Collision of vessel or conveyance.
• Discharge of cargo at port of distress
• Jettison or washing overboard, General Average

All policies are subject to certain conditions, terms and exclusions and therefore, please contact us for detailed understanding of the respective coverage.

Marine Hull Takaful Policy:

The company also provides coverage to all types of water crafts such as ocean going vessels, harbor and inland water boats, yachts, tugs or ships coming to Pakistan for scrap.

These are covered under standard institute Hull clauses.

All policies are subject to certain conditions, terms and exclusions and therefore, please contact us for detailed understanding of the respective coverage.

Fire Takaful (Property Damage):

The fire policy is the basic cover for the coverage of property on land be it your home or a complex industrial unit, stock, raw material plant and machinery.

The standard fire policy covers loss or damage due to fire and lightening however it excludes certain perils some of which can be included in the policy to make it a fire and allied peril cover. These include:

• Riot and strike damage
• Malicious damage,
• Atmospheric disturbance (including flood)
• Earthquake fire and shock
• Explosion
• Impact damage
• Aircraft damage.
• Burglary

All policies are subject to certain conditions, terms and exclusions and therefore, please contact us for detailed understanding of the respective coverage.

Other Property related Covers:

The company also provides more complex property covers such as Industrial All Risk, Loss of profit Following Fire. These are specialized covers and we will be glad to assist you in all respects should you need any one of them.

 

Kindly provide your email/phone# for us to contact you for more details:      

 

   

 
 
Abu Dhabi Group is represented in Pakistan by the following entities:
   
 
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