This class of insurance provides compensation to the cargo owner in the event of loss of or damage to the cargo whilst in course of transit between one country and another either by sea or by air.
In view of the huge capital outlay, marine insurance cover is to protect you against any losses that may occur while your goods/products are being shipped within the country.
This insurance will avail you cover for shipment of your goods and allied products from abroad to Lagos or any other port of destination in Nigeria.
Rating: Clause ‘A’ 0.3% – 1%
Clause ’C’ 0.185% – 0.3%
Note:
The nature of goods being imported determines the actual rate to be applied.
