Marine Insurance

The Marine Insurance Department in the Islamic Insurance Company offers the following services:

Marine Cargo Insurance:
This Insurance is to Cover all shipments transported from / to applicants warehouses all over the world by sea, air ,or by land against the risks of sinking , or ingress of water in the vessel during bad weather conditions or due to Fire or theft of the Consignment including other perils which might affect the Insured consignment .

There are varsities of Marine Cargo Insurance as follows:

1. Single / Individual Marine Insurance:  
   Under this Insurance , Coverage is given to single Shipment (Consignment)  from a specific point of origin to the final destination all Transport Risks as per Institute Cargo Clauses of London .
2. Open Cover / Annual Marine Insurance for Several Shipments:
   This Insurance Policy provides automatic protection of all the insured shipments during the period of insurance whilst transported on sea , air or land against all transport risks as per institute Cargo Clauses of London

Scope of Cover :
It is the set of conditions on which the Insurance Policy is Issued as per the institute Cargo Clauses ( I C C ) of London .

• I I C ( A ) : Covering partial or total losses affecting the insured consignment as a result of fire , explosion , stranding , capsizing , collision of ship , discharge  of cargo at port of refuge , earthquakes , general average sacrifice , entry of sea , lake or river water, jettison , currying away by sea , theft , damage due to condensation or heat , leaks , breaking , or particular average . 
• I I C ( B ) : Covering partial or total losses effecting the insured comignment as a result of fire , explosion , stranding , wreck , capsize  , collision of ship , collision of ship at port of  refuge , earthquake , general average sacrifice , entry of sea , lake , or river water , jettison , or carrying away by sea .
• I I C  ( C ) : Covering partial or total losses affecting the insured consignment as a result of fire , explosion , stranding , wreck , capsizing , collision of ship , jettison , general average sacrifice , discharge of cargo at port of refuge .

The coverage of war , strikes , riots , and civil commotions can be added to the above insurances as per Institute Cargo Clauses .

Aviation Insurance:
With Almighty God blessings and the solid relationships The Islamic Insurance Company enjoy with leading Reinsurers, an aviation insurance coverage is offered as follows:

• Aircraft Hull and Machinery .
• Liabilities towards passengers and their luggage .
• Third Party liability .
• Aircraft Cargo liability .
• Aircraft Spare parts and Machinery.
• Aviation Crew Personal accident .
• Deductible Insurance .

Marine Hull Insurance:
Due to the growth of the vessels transports across the world , cargo carriers can benefit from the distinguished and wide scope of insurance coverages as follows:

1. Marine hull and its equipments while the ship is sailing, cargo carrying or towing activities as a result of the following perils: 
   • Perils of the sea , river , or lakes
   • Fire or Explosion
   • Piracy
   • Jettison
   • Collision of ship
   • Earthquake , Volcanic Eruption , or lightening
   • Collision during loading and unloading of the goods
   • Boiler explosion
   • Negligence of  Maintenance Team or vessel renter
   • Fidelity of the Captain or ship crew
   • Collision with aircraft or articles dropped there from
2. Marine Liabilities.

Required Documents for Motor Insurance

To issue a motor insurance policy from the Islamic Insurance Company, please provide the following documents:

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