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Marine Cargo
Marine Cargo


 

Smooth sailing with Tata AIG Marine Policies

With the globalisation of the economy, supplier linkages span oceans, but still require goods to be delivered to the concerned party in a pristine state, just-in-time. For that kind of criticality, who do you trust for your Marine Insurance? Only Tata AIG. Our marine cargo policies are indispensable for any corporate engaging in trade and commerce. We cover your goods every step of the way.

AIG's world-wide network, with it's presence in over 130 countries, means that your business is in the able hands of people who understand local maritime laws and customs, all around the world. Our marine policies provide you with safe harbour in turbulent seas.

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Tata AIG The Marine Specialist

Tata AIG is the only Insurer in the market, having a dedicated team of marine underwriters in all branches of the company; experts who understand your business and provide you with customized solutions at most competitive rates.

In the complex world of trade and commerce trust the specialist.

Our Solutions

Products Back To Top


Marine Open Policy 
 

• This is a contract to provide automatic insurance protection for a specific period of time (usually one year).
• Premium is by deposit (based on an estimate), and adjustable on declaration of actual values of shipments/dispatches
• Always open until cancelled by either party to the contract
• Certificates are issued for individual shipments/dispatches

Proposal form available for download, please take a print, fill in your details and arrange to send it to our branch nearest to you. Branch Locator

Marine Specific Policy 
 
• We insure cargo against risks involved in a specific voyage

Proposal form available for download, please take a print, fill in your details and arrange to send it to our branch nearest to you. Branch Locator


Marine Sales Turnover Policy (STOP) 
 
STOP is a designer product for the discerning customer, an Open Policy in the real sense of the term. The premium for the policy is charged only on your sales turnover.

STOP provides you Transit insurance coverage on:

• Imports + Customs Duty (Actual or Deemed / Contingent) +
• Domestic purchase of raw materials, consumables & stores +
• Any number of inter- factory / inter-depot / to & fro job worker movements +
• Exports (FOB/CIF) +
• Domestic sales of finished goods
• Temporary storage cover at intermediate locations like Job workers / C & F premises etc.


What do you gain?

• Sizeable saving in premium which is charged only on your sales turnover.
• Seamless cover with all movement of goods automatically covered.
• No hassles of submitting periodical declaration of movements to the insurer. Only monthly sales figuresneed to be submitted
• Intermediate storage cover can be built into the policy.
• Premium on full annual sales turnover need not be paid in advance. Facility for payment of premium onhalf-yearly / quarterly.


This is a one Stop shop for all your marine needs.

Proposal form available for download, please take a print, fill in your details and arrange to send it to our branch nearest to you. Branch Locator

Tata AIG The Marine Specialist

Tata AIG is the only Insurer in the market, having a dedicated team of marine underwriters in all the branches of the company; experts who understand your business and provide you with customized solutions at the most competitive rates.

eMarine - Making Waves

Tata AIG believes in empowering its clients and with this in mind has launched eMarine.

This facility has been introduced in India after it had been tried and tested and proved to be a resounding success in Hong Kong, Singapore, Taiwan, Malaysia, Indonesia, China & Philippines.

What is eMarine? 
 
eMarine or Electronic-marine is an extremely user-friendly Web based tool. It makes insuring with Tata AIG a truly pleasurable experience.

Benefits of eMarine: 
 
• The client can issue Marine insurance certificates Any time, Anywhere-from the comfort of his office/home to meet his business requirements.
• Any number of users in the client's organization even from different locations can operate eMarine with distinct user Ids and passwords.
• The certificates can be viewed at various stages during issuance. Changes, if any, can be made then and there ensuring Quality documentation.
• As the records get updated simultaneously at our office too, there is No Need to submit separate declarations/details of certificates issued.
• Balance available in the Deposit a/c can be Viewed by the client at any point of time facilitating timely replenishments.
• The unique Encryption code on every insurance certificate facilitates Verification of its authenticity, by any third party, anywhere in the world by simply logging on to our website and giving the encryption details.
• Absolutely Free. Being an added benefit we offer our clients, there is no fee charged for eMarine usage. Neither is there any need to install additional software. The only requirements are Internet connectivity and Acrobat Reader Version 4 and above.


Security Concerns 
 
While developing this tool, the most important factor considered has been the security of data submitted by the client. The following features ensure that eMarine is 100% Secure.

• Data input and Information Access only by distinct user Ids and passwords.
• During eMarine operation, if PC left unattended for more than 5 minutes, Automatic Timeout takes place necessitating a new login.
• The Server is maintained and monitored as per AIG's strict worldwide standards.

Tata AIG The Marine Specialist

Tata AIG is the only Insurer in the market, having a dedicated team of marine underwriters in all branches of the company; experts who understand your business and provide you with customized solutions at most competitive rates.

In the complex world of trade and commerce trust the specialist.

Marine Loss Control (MLCE) Back To Top

Marine Loss Control Engineering is one of the most important offerings of Tata AIG's Marine policies. It helps get our Assureds' products delivered on time and in undamaged condition to their clients.

• This avoids loss of market share, products liability claims, and protects the brand integrity of the client.
• This is achieved by scientific analysis, tailor-made recommendations and cost effective and sellable solutions provided by an experienced and full time dedicated team spread across the globe spanning different time zones.
• MLCE helps our clients be more profitable by reducing loss frequency and severity and by giving value added service.
• Provide timely and accurate information on worldwide and regional industry trends, high risk areas, potential hazards and threats.
• Use of a well identified network of surveyors and security advisors that report under AIG standards
• Direct contact with the different transport vendors and security providers
• True involvement / Open to feedback / Constant Follow up


In the complex world of trade and commerce trust the specialist

Claim Directory / 1st Loss Notice Back To Top

• In case of claims contact us at general.claims@tata-aig.com
• To locate the nearest AIG office across the world visit www.aigmarine.com
• For domestic claims contact the policy issuing office or the nearest branch


Tata AIG The Marine Specialist

Tata AIG is the only Insurer in the market, having a dedicated team of marine underwriters in all branches of the company; experts who understand your business and provide you with customized solutions at most competitive rates.

In the complex world of trade and commerce trust the specialist
 

Information Center Back To Top


Ready Reckoner for Export Insurance

At Tata AIG we constantly strive to keep our clients informed about technical aspects relating to Marine Insurance.

Your goods are as good as the carrier you select; hence, do not compromise on this selection for making a small saving on your freight bills.

Here are a few tips that will help you select the right carrier:

• Age of the vessel should not exceed 20 years for bulk and heavy cargoes and 25 years for general and containerized cargoes.
• Anything beyond these age limits would not only jeopardize your cargoes but be liable for additional premium.
• Vessel should be 'Classed' by one of the approved Classification Societies. Classification ensures physical seaworthiness of the vessel based on regular inspection by the approved societies.
• Vessel should be entered into one of the reputable P&I Clubs. This will ensure financial stability of the ship owners and / or charterers.
• Liners are vessels which ply on regular advertised time schedules and routes. Liners are a better risk than tramps.
• Register yourself on and check on the complete details of the vessels. This is a free site. www.equasis.org
• Tata AIG assists their customers by arranging for cleanliness, sea and cargo worthiness surveys, giving immense comfort to its clients.


Tata AIG The Marine Specialist

Tata AIG is the only Insurer in the market, having a dedicated team of marine underwriters in all branches of the company; experts who understand your business and provide you with customized solutions at most competitive rates.

In the complex world of trade and commerce trust the specialist

Incoterms Back To Top

 Info Center

Tata AIG The Marine Specialist

Tata AIG is the only Insurer in the market, having a dedicated team of marine underwriters in all branches of the company; experts who understand your business and provide you with customized solutions at most competitive rates.

In the complex world of trade and commerce trust the specialist