Marine Insurance
Protecting Your Cargo Across Sea, Air & Land
Marine Insurance provides financial protection against loss or damage to goods during transportation by sea, air, road, or rail. In Bangladesh, where international trade plays a vital role in the economy, marine insurance ensures secure import and export operations. Whether you are an importer, exporter, manufacturer, or logistics provider, this policy safeguards your cargo from unforeseen risks during transit.
What is Covered?
- Our Marine Insurance policy typically covers:
- Loss or damage due to fire or explosion
- Vessel collision or sinking
- Storm, cyclone, or natural disasters
- Theft, pilferage, or non-delivery
- Loading and unloading damages
- General average and salvage charges
- Accidental damage during inland transit
Coverage applies to both international shipments and domestic inland transportation within Bangladesh.
Types of Marine Insurance
- 1. Cargo Insurance Covers goods transported by sea, air, road, or rail.
- 2. Hull Insurance Protects ships and vessels against physical damage.
- 3. Open Policy Ideal for businesses with regular shipments throughout the year.
- 4. Specific Voyage Policy
Covers a single shipment or specific journey.
Who Should Take Marine Insurance?
- Importers and Exporters
- Garment and Textile Businesses
- FMCG Distributors
- Manufacturers
- Shipping and Logistics Companies
- E-commerce Businesses
Marine insurance is especially important in Bangladesh due to busy ports like Chattogram and Mongla.
Key Benefits
- Financial protection against transit risks
- Compliance with banking and LC requirements
- Peace of mind for international trade
- Fast claim settlement process
- Customizable coverage options
What is Not Covered?
- Intentional damage
- Improper packing
- Ordinary leakage or wear and tear
- Delay-related losses
- War and strike risks (unless added as extension)
Required Documents
- Commercial Invoice
- Bill of Lading / Air Waybill
- Packing List
- Insurance Policy
- Copy Claim Form
Claim Process
Why Choose Marine Insurance in Bangladesh?
With increasing import-export activities and exposure to natural disasters, marine insurance is essential for protecting business investments. It ensures smooth trade operations and financial stability.
Get a Free Quote
Get a Free Quote
Get a free quote to create your desired insurance.
Address
HR Bhaban (9th Floor), 26/1, Kakrail, Dhaka-1000, Bangladesh.
Contact Info
Email: info@riclbd.com
Phone: 09606101101
Fax: +88 02 58313334-8
Open Time
(10am-6pm) | Sun-Thurs |
Except Govt. Holidays
