Cargo Takaful

Covers the loss or damage of cargoes when property is transferred, acquired, or held between the points of origin and final destination. The goods may be transported by sea, air and land.

With the increased international trade, the use of cargo for transporting goods have become more of a necessity as it provides a significant amount of safety and reduction in the overall cost of transferring these goods. Since each voyage is a joint venture of the ship owner and all the cargo owners, it is important that the cargoes or shipments are protected from risks which might result into huge losses for both parties.

Cargo Takaful can ensure that you are protected from the financial consequences of loss of or damage to your cargo.

What can be covered?

Covers the shipment of goods from one place to another in one voyage, from the time they leave the shipper's or seller's warehouse until they reach the consignee's or buyer's warehouse at the final destination.

What is covered?

PerilsICC (A)ICC (B)ICC (C)
Fire or explosion
Vessel/craft being stranded, grounded, sunk or capsized
Overturning or derailment of land conveyance
Collision or contact of vessels, craft or conveyance with external object other than water
Discharged of cargo at a port of distress
Earthquake, volcanic eruption or lightning
General average sacrifice
Jettison
Washing overboard
Entry of sea, lake or river water into vessel, craft, conveyance container lift van and/or place of storage
Total loss of any package lost overboard or dropped whilst loading onto or unloading from vessel or craft
General average and salvage charges
Pirates. thieves and non-delivery

Exclusions:

Main Exclusions of this policy are but not limited to:
Loss damage or expenses attributed to willful misconduct
Loss damage or expense caused by insufficiency or unsuitable packing

How to Claim

Inform Takaful Operator immediately after the incident by:
Call Customer Care Toll Free 1600
Emailing to: [email protected]
Visit MyAllied

Important instructions

1. Make sure you take all necessary action to minimize the losses.

2. In the event of a fire, a collision involving a third party, burglary/theft or malicious damage, you must notify Maldives Police Services as soon as possible and obtain a police report.

3. Repair works should be carried out with our approval.

4. All damaged items should be preserved for inspection.

5. Do not admit liability at any point or offer to settle the claim unless you have obtained the written consent from us

Related Documents

Application Form