Marine Open Policy (Inland) - Continuous Protection for Domestic Transit

Inland marine open policy for regular movement of goods within India

A Marine Open Policy (Inland) is designed for businesses that have regular movement of goods within India. It provides annual, continuous coverage for all inland transits (by road or rail) on a declaration basis, eliminating the need to insure each shipment separately.

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What does inland marine open policy cover?

Transit scope

  • Movement of goods anywhere within India
  • From:
    • Factory → warehouse
    • Warehouse → distributor / customer
    • Supplier → factory

Types of goods covered

  • Raw materials
  • Finished goods
  • Semi-finished goods
  • Packing materials
  • Machinery (domestic movement)

Risks covered

Coverage is usually offered on:

All risk basis (most common)

  • Accidental damage during transit
  • Fire, explosion
  • Overturning / collision of vehicle
  • Theft, burglary
  • Loading / unloading risks

Named perils (limited cover)

  • Fire, accident, collision only (depending on policy terms)

Add-ons / extensions

  • Theft / pilferage cover
  • Loading & unloading risks
  • Temporary storage cover
  • War & SRCC (if required)
  • Increased value clause

Major exclusions

  • Improper packing
  • Delay in transit
  • Normal leakage / wear & tear
  • Inherent vice of goods
  • Willful misconduct