Marine insurance for Indian exporters covers cargo, ships, and freight against loss or damage during transit by sea, air, road, or rail — from the seller's warehouse to the buyer's destination. It's essential for CIF/CIP shipments (exporter's legal responsibility) and strongly recommended even under FOB/FCA terms to protect against buyer disputes and unpaid claims.

Types of Marine Insurance Policies

1. Marine Cargo Insurance – Covers goods in transit against loss, theft, or damage from the point of origin to final destination. The core policy every exporter needs.

2. Institute Cargo Clauses (ICC A/B/C) – International coverage standards:

   • ICC A – All-risk cover (widest protection, minimal exclusions)

   • ICC B – Named perils cover (fire, sinking, collision, etc.)

   • ICC C – Basic cover (major casualties only, narrowest scope)

3. Open Cover / Open Policy – A standing annual policy for exporters with regular shipments, auto-covering every consignment without issuing a fresh policy each time.

4. Specific Voyage Policy – One-time cover for a single shipment or voyage, ideal for exporters with occasional or one-off consignments.

5. Project Cargo Insurance – Specialized cover for oversized, high-value, or heavy machinery/equipment shipments, often involving multimodal transit.

6. War & SRCC (Strikes, Riots, Civil Commotion) Cover – Add-on clause covering losses from war, terrorism, strikes, and civil unrest — not included in standard ICC clauses.

7. Warehouse-to-Warehouse Cover – Extends protection beyond the port, covering the entire journey from the exporter's warehouse to the buyer's warehouse, including inland transit on both ends.

8. Inland Transit Insurance – Covers cargo during domestic road/rail movement before it reaches the port of loading.