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HOME BUSINESS BANKING INSURANCE OVERSEA MARINE CARGO INSURANCE
Oversea Marine Cargo
Insurance
The rough open oceans pose a great threat to the security of marine cargo transportation. The unpredictable seas also carry other dangers and risks like collision, fires, explosions. These risks carry on at port during the discharge and loading of cargo.
Secure cargo transportation at sea with an effective marine cargo insurance that brings value to you and your business.
Oversea Marine Cargo
Insurance
The rough open oceans pose a great threat to the security of marine cargo transportation. The unpredictable seas also carry other dangers and risks like collision, fires, explosions. These risks carry on at port during the discharge and loading of cargo.
Secure cargo transportation at sea with an effective marine cargo insurance that brings value to you and your business.
Fire & Explosion
Coverage loss or damage caused by fire or explosion
Overturning & Derailment
Coverage for overturning or derailment of land conveyance
Discharge Cover
Coverage for discharge of cargo at a port of distress
General Average Sacrifice
Coverage for voluntary sacrifice of part of a vessel or cargo to safeguard the vessel or cargo from a common peril
General Average & Salvage Charges
Coverage to protect vessel against additional loss. (e.g., adding barrier to broken window, salvage company grounding ship)
Rainwater Damage
Coverage for loss or damage caused by rainwater
Eligibility
Any person who owns a property or who has a legal obligation over safety of a property e.g., Owners of goods traded, Business owners, Manufacturers and Distributors, etc.
The following illustration shows how external cargo insurance provides different protections for insured goods along the route of transportation.
Disclaimers
This Oversea Marine Cargo Insurance is underwritten by AYA SOMPO Insurance Company Ltd and distributed by AYA Bank PCL. It is not an obligation of, deposit in or guaranteed by AYA Bank. AYA SOMPO Insurance Company Ltd reserves the right of final approval. Full details of the terms, conditions and exclusions of the insurance are provided in the policy wordings and will be sent to you upon acceptance of your application by AYA SOMPO Insurance Company Ltd.
This webpage contains only general information and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person. It is not intended as an offer or recommendation to buy the product. A copy of the product summary can be obtained from AYA Bank branches. The contract of insurance is between the insurer and the insured and not between the Bank and the insured. Bank does not give any warranty, as to the accuracy and completeness of the policies. Bank does not accept any liability or losses attributable to your contract of Insurance. Participation by the Bank’s customers in the insurance products is purely on a voluntary basis and is not linked to availment of any other facility from the bank.
This policy is protected under the Policy Owners’ Protection Scheme which is administered by Myanmar Insurance Association. For detail information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please visit any of AYA Bank branches.