• Cargo
  1. Cargo Insurance
  2. Info Required for Cargo Quotation
  3. Cargo Enquiry Form
  4. Policy Summaries
  5. Policy Wordings & Documentation
  6. ICC (A) - All Links
  7. Cover List (B) and (C)
  8. Exclusion List
  9. Transportation Hazards
  10. Vessels & Containers
  11. Cargoes - Packing and Packaging Table
• Freight Liability
  1. Freight Liability Insurance
  2. Information Required for underwriters
  3. Policy Wordings & Documentation
  4. Freight Liability Factfinder
  5. Hauliers Enquiry Form
  6. Condtions of Carriage
  7. Definition of Theft Attractive Goods
  8. Geographical Limits
• Commercial Hull & Liabilities
  1. Types of Risk
  2. Commercial Hull & Liability Risks
  3. Proposal Forms
• War
  1. War Risks Cover
  2. Comparison with A Clauses
  3. War Risks - Duration of Cover
• Claims
  1. Cargo Claims Process
  2. Freight Liability Claims Process
  3. Major Causes of Damage
• Loss Prevention
  1. Loss Prevention
  2. Cargoes Requiring Special Concideration
• Useful Information
  1. Terms of Sale - Incoterms 2000
  2. Glossary of Transport Terms
     1. A-F
     2. G-L
     3. M-R
     4. S-Z
  3. Mini Glossary of Cargo Terms
  4. Definition of Terms
  5. Frequently Asked Questions
  6. Certificate and Registration Online
  7. Restrictive Legislation
     1. A-F
     2. G-L
     3. M-R
     4. S-Z
• Topical Information
  1. Your Freight
  2. Cargo Relaunch with Cargo - Explained For You
  3. War in Iraq
  4. Stowaways
  5. September 11th
  6. Euros
  7. Piracy
  8. NUI's Position on Marine Cargo Policies
• About NUI Marine
  1. Why Choose NUI Cargo
  2. Centre Addresses
  3. Useful Links
  4. Cookie Policy

Home > Cargo

Policy Summaries

• Overseas Summary
• Household Goods & Personal Effects Summary

TYPES OF MARINE INSURANCE CONTRACTS

Type	Description	Advantages
Annual	Issued for a 12 months period, which is then annually renewable. Rates are applied to the annual total value of shipments or company turnover. A Minimum and Deposit (M&D) premium is charged based on the estimated annual value of sendings. The M&D is usually 75% of the expected premium and is adjusted at the end of the period in accordance with actual sendings declared.	Administration is reduced to a minimum if total figures are used instead of individual shipment declarations. Deposit may be paid by investment plan.
Open	These are permanently open policies with no renewal date, although they are reviewed annually. They provide automatic cover for all consignments falling within the scope of the policy. Premiums are normally charged monthly, based on declarations submitted to the Insurer. There is a facility for the Assured to issue insurance certificates.	Premium is paid for in arrears as and when cover is utilised, rather than in advance. Shipments that fall within the scope of the policy are covered automatically at agreed rates even when the loss occurs prior to declaration or when the declaration is innocently overlooked.
Facultative/Single Voyage	The simplest form of Cargo policy, issued for a single shipment. Often a minimum premium is charged rather than a conventional premium rate.	Pay only as and when required. Suitable for companies who import/export infrequently.

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