Marine coverage is a sector that truly benefits from having global strength and presence. The AXA Group operates in over 54 countries, including Asia. This extensive regional network means that we have access to a wide variety of resources to ensure we provide a consistently high level of underwriting and claims service.

Download policy documents here

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Goods in Transit Product Disclosure Sheet

Marine Cargo Product Disclosure Sheet

Claim Form

Claim Guidelines

As a service provider, we understand the importance of providing your clients with uninterrupted service. With Marine Cargo, you can now ensure that there are no limitations to the loss of your cargo that may put your business at risk. This policy covers the loss and damage of cargo during transportation by waterway, railway, road, as well as combined transportation.

Marine Cargo policy covers the following:

• Fire  and explosion
  
  

• Vessel / Craft being stranded, grounded, sunk or capsized
  
  

• Collision or contact of vessel, craft or conveyance with any external object other than water
  
  

• Discharge of cargo at port of distress
  
  

• Earthquake, volcanic eruption or lightning
  
  

• General average sacrifice
  
  

• Jettison
  
  

• Washing overboard
  
  

• Entry of sea, lake or river water into vessel, craft, hold, conveyance, container, lift van or place of storage
  
  

• Total loss of any package lost overboard or dropped whilst loading onto or unloading from vessel or craft
  
  

• Theft, pilferage and non-delivery, rough handling, piracy
  
  

• Contamination
  
  

Legal Shield - Marine Cargo

Benefits of Coverage

• • Commercial Contract Disputes

  • Pursuit of defense of any disputes or legal proceedings made by or brought against you over a contract or alleged contract for the sale, purchase or hire of goods or services provided

Terms

• • This Legal Shield claim is limited to RM 25,000 per shipment/marine certificate

  • For any Marine Cargo claim, a 20% co-share is to be borne by the policyholder, applicable to each and every claim

  • This embedded coverage benefits are only limited to Marine Cargo policyholders

FAQ - Potential Claims Scenarios

Scenario 1

An exporter, also a business owner and a seller, had a sales contract with his foreign buyer. The exporter managed to deliver the goods in good condition as per contract. Unfortunately, the buyer failed to make payment after the delivery. The exporter then used the policy to pursue the buyer and managed to recover the outstanding debt.

Scenario 2

An exporter, also a business owner and a vegetables supplier, entered into a logistics contract with a freight forwarder. The freight forwarder failed to fulfill certain conditions as stated in the contract such as providing the hail netting to cover the goods. Due to the freight forwarder’s negligence during the transit,  the goods were damaged. The exporter then used the policy and convinced the court that the incident had caused him financial loss due to the shortfall in payment from his client after the freight forwarder failed to deliver the goods in good condition.

Scenario 3

A business owner, also a buyer and an importer, made a deposit payment for the shipment of fresh fruits. The seller however failed to ship the cargo on time as per the contract agreement and delivered the Mandarin Oranges after the Chinese New Year season which significantly reduced the customers’ demand. Due to the delivery delay,  the business owner refused to honor the balance payment. To recover the unpaid payment, the seller brought this matter to court. As a policyholder of Legal Shield Insurance, the business owner covered his legal cost to defend the claims in court and negotiated the balance payment at a lesser amount to the buyer.

Downloads

Proposal Form English

Product Disclosure Sheet English

Legal Shield Brochure English | Bahasa Malaysia