Marine Insurance

Geen Delta is one of the leading providers of Marine Insurance in Bangladesh.

  • The packages comprise:
    • Hull Insurance.
    • Cargo Insurance.
    • Goods in Transit Insurance
  • Lloyd´s is the famous world´s Marine insurance market.
  • Marine Insurance Act 1906.

  • Plays an important role in domestic trade as well as international trade.
  • Provides insurance cover in respect of loss of or damage to goods during transit by –rail, -road –sea -air

  • Time Policy
  • Voyage Policy
  • Mixed Policy

  • Fire or explosion.
  • Vessel or craft being stranded, grounded, sunk or capsized.
  • Overturning or derailment of land conveyance.
  • Collision or contract of vessel, craft or conveyance with any external object other than water.
  • Discharge of cargo at a port of distress.
  • General average sacrifice.
  • Jettison.

  • Provides cover under ICC ( C )
  • Additional risk
    • a) Earthquake, volcanic eruption or lightning.
    • b) Washing overboard.
    • c) Entry of sea, lake or river water into vessel.
    • d) Total loss of any package lost overboard or dropped whilst loading or unloading from vessel.

Can be added on payment of extra premium to ICC (B)

  • a) Theft, pilferage and / or non-delivery.
  • b) Fresh water and rainwater damage.
  • c) Hook and / or oil damage.
  • d) Heating and sweating.
  • e) Damage by mud, acid and other extraneous substances.
  • f) Breakage.
  • g) Leakage.
  • h) Busting / tearing of bags

  • Provide cover for all risks of loss or damage.
  • All risks means losses which are caused by accidental circumstances.
  • Under ICC (C) and (B) the risks covered are specified.

  • Loss caused by willful misconduct of the insured.
  • Ordinary leakage, ordinary loss in weight or volume or ordinary wear and tear.
  • Loss caused by inherent vice or nature of the subject matter.Loss caused by delay.
  • Loss arising from insolvency or financial default of owners of the vessel.
  • Loss or damage due to inadequate packing.
  • War, riot, strike, lock-out, civil commotions and terrorism.