International Cargo Clauses & Inland Transit Clauses in Marine Insurance

Marine insurance coverage is divided into two types. One is International Cargo Clause (ICC) and the second is the Inland Transit Clause (ITC). Both ICC and ITC are further divided into two parts. These clauses distinguish between National and International transits and the type of coverage marine insurance provides.

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International Cargo Clause (ICC)

As the name suggests, the International cargo clause provides coverage for the transits for international cargo only. There are two types of coverage under International Cargo Clause (ICC):

International Cargo Clause

  1. ICC A

    International cargo clause A provides coverage for all kinds of damages except rainwater damage.

  2. ICC B

    International cargo clause B provides coverage for accidental damages only.

    Now, let's move on to the Inland Transit Clause (ITC)

Learn more about Marine Insurance

Inland Transit Clause (ITC)

As the name suggests, the Inland Transit Clause provides coverage for transits in India only. Again, there are two types of coverages under the Inland Transit Clause:

  1. ITC A

    Inland transit clause A provides coverage for all kinds of damages except rainwater damages.

  2. ITC B

    Inland transit clause B provides coverage for accidental damages only.

    Also, be it ITC or ICC, the insured must have an insurable interest in the property to get it covered by any of the clauses under Marine/cargo insurance.

Excluded Perils under Marine Insurance

Here are a few perils that will not be covered under the above-mentioned clauses under any condition.

  • Damage due to willful misconduct
  • Damage due to bad packaging
  • Loss or damage due to delay in cargo’s arrival
  • Loss due to financial default or insolvency of the operator of the cargo

Let us make you understand it with a case scenario.

Case Scenario

ABC Export Pvt. Ltd. is an international exporter of goods. The company’s CEO decided to purchase a marine insurance plan that could provide comprehensive coverage. The CEO chose to purchase the International Cargo Clause A, as it provides coverage for all kinds of perils.

Since the company purchased the International Cargo Clause-A that provides comprehensive coverage, the CEO has to pay an extensive premium. If the company had purchased the International Cargo Clause-B then it would have only provided coverage for accidental damages only and therefore the premium amount would have been lower as compared to International Cargo Clause-A.

Conclusion

If you are a transporter then you can opt for the above-mentioned types of coverage under the marine insurance policy. If you transport goods in India only then you can opt for the Inland Transit Clause however if you transport goods out of India then you can opt for the International Cargo Clause and choose plan A or B according to your need.

Written By: PolicyBazaar - Updated: 16 November 2023

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Policybazaar for Business - Marine Insurance - Customer Reviews
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4.3/5
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Based on 114 reviews
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3.8 April 20, 2023
Anas
Great Experience
I recently purchased Marine insurance from Policybazaar for my shipping business and I must say I am thoroughly impressed with their service and coverage. From start to finish, the experience has been smooth and hassle-free.Thankyou.
Mizoram
4.3 April 03, 2023
Vaishnav
Provides Comprehensive Protection
When it comes to coverage, Marine insurance that i bought from PolicyBazaar has exceeded my expectations. It provides comprehensive protection for my cargo and vessels during transit, ensuring I can focus on my business operations with peace of mind. Thankyou.
Assam
4.3 March 17, 2023
Umang
Excellent Services
I highly recommend Marine insurance from PolicyBazaar website to anyone in the shipping or logistics industry. Their user-friendly website, comprehensive coverage, and excellent customer service make them stand out from the competition. With Policybazaar, I feel confident in navigating the high seas, knowing that my business is well-protected. Thank you, Policybazaar.
Chennai
4.3 February 28, 2023
Vishal
User Friendly Interface
The website's user-friendly interface made it easy to compare different plans and find the perfect fit for my business needs.Thanks
Gurugram
4.3 February 11, 2023
Parth
Prompt Services
I appreciate the transparency and honesty with which Policybazaar handled my claims. They were prompt in processing my claim and their claim settlement process was hassle-free.Thanks PolicyBazaar.
Noida
3.8 February 10, 2023
Rishabh
Exceeds Expectations
I recently had the pleasure of purchsing marine insurance from Policy bazaar website and I must say it has been an outstnding experience from start to finish. I am thrilled to share my positive customer review, as this truly exceeded my expectations. Thanks PB.
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3.8 January 31, 2023
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Easy Navigation
The ease of navigating the Policy bazaar website and finding the right marine insurance policy was impressive. The website's user-friendly interface and intuitive design made it incredibly simple to compare various options, understand the coverage details and make an informed decision. I appreciated the transparency provided throughout the process. Thanks.
Ajmer
3.8 January 21, 2023
Vishal
Excellent Support
The customer service provided by Policy bazaar was decent. Their team was responsive, knowledgeable and went above and beyond to assist me at every step. Their professionalism and commitment to customer satisfaction were truly commendable.Thankyou.
Mumbai
4.3 January 11, 2023
Sanjeev Rathor
Efficient Process
When it came to claims processing, Policy bazaar demonstrated remarkable eficiency and effectivenes. I had an unfortunate incident during the coverage period and filing a claim was a breeze. The entire process was streamlined and their team guided me throuugh every necssary step, making it hassle-free. The promptness with which my claim was setled reflected their commitment to their customers' well-being and peace of mind. Thankyou.
Pune
3.8 January 01, 2023
Kunal
Comprehensive Coverage
I must mention the comprehensive coverage provided by the marine insurance policy I purchasd through Policy bazaar. It offered me the necesary protection and peace of mind. Thankyou PolicyBazaar.
Indore