Marine Insurance

We offer the following products:
  • Marine Cargo Insurance
  • Pleasure Crafts and Yachts Insurance

Marine Cargo Insurance

Marine cargo insurance has been recognized for centuries as one of the essential services in the Global trade, contributing greatly to the confidence, stability and security of the interested parties as well as the shipper and bankers.

Goods or commodities during transit are vulnerable and susceptible to loss or damage due to various causes, such as Breakage, Moisture, Water damages shortages and short landing theft, pilferage, Non-delivery. We cover the risks involved in transporting goods by Ocean Vessel, Aircraft, Barge, Rail, Truck or any other mode of transport.

You can insure your cargo against perils of the Sea, Air and Inland during the transit of Cargo. Our team is always there to cater for your insurance needs.
This type of insurance is indispensable to the following:
  • Importers & Exporters
  • Commodity Traders
  • Suppliers, Processors and Distributors
  • Commodity Traders
  • Banks
  • Wholesalers & Retailers
  • Logistics Companies
  • Airfreight Carriers
  • Importers & Exporters
  • Freight Forwarders
  • Warehousemen
  • Trucking companies
  • Couriers

Policy Features

A standard set of “Institute Clauses" is normally used to cover 'general cargo' which includes manufactured goods, machinery, hardware and most consumer goods. Coverage is subject to Institute Cargo Clauses A, B, & C. as well as Inland Transit clauses which covers risks during transportation over land.

PLEASURE CRAFT / YACHT INSURANCE

Is a very important for people who own a yacht. It is a safety net for the yacht owner in case of accidents, liability, damage to the yacht, especially in the case of luxury yachts; yacht insurance becomes very essential, since the yachts themselves are expensive. Our company provides coverage for Pleasure Craft Yacht that used for pleasure purposes in the territorial waters of Aqaba Gulf and could be extended to include Taba and Faro island.

Policy Features

  • The insurance coverage can be provided on an Agreed Value or on a Current Market Value basis as required.
  • Cover is subject to Institute Yacht Clauses Standard Cover
  • Physical damage to the boat’s hull, machinery and installed equipment including outboard motors if specifically declared and agreed by the underwriters
  • Sue and Labour expenses (expenses to avert or minimize a loss)
  • Salvage costs
  • Collision Liability
  • Liability to third parties arising out of ownership or use of the vessel
  • Removal of wreck expenses, where such removal is required by a Government Authority
  • Liability towards passengers which is included in the Third Party Coverage

NB: The above details are for the brief illustration only. For full information on terms and conditions of insurance, please refer to the policy wording or contact with our technical team by email info@joemirates.com