Marine Cargo Policy is an international trading document. It provides insurance coverage for your cargo in the course of transit by sea, air or parcel post from warehouse to warehouse.
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If you import on FOB or C&F terms, you are required to insure the shipment in Thailand.
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If you export on CIF term, you are required to insure the shipment in Thailand.
Importing on FOB or C&F terms and exporting on CIF term are your trading benefits. If you insure with AXA Insurance, you also can save your insurance premium and thus your cargo pricing is more competitive in the world market place.
Marine Cargo Coverage
AXA covers loss or damage (partial or total) due to fire, explosion, ship stranding, ship sinking, overturning or derailment of land conveyance, collision, earthquake, volcanic eruption, lightning, washing overboard, theft, including war, strikes, riots and civil commotion.
Inland Transit Insurance
Goods in transit Thailandwide can be insured under the following covers:
Covers accidental loss of or damage to the insured cargo resulting from collision, overturning, derailment of land conveyance and fire.
Covers all accidental loss or damage except those specifically excluded.