Presenting the Stock Throughput Policy

The Stock Throughput Policy is flexibly designed to answer your needs. It covers loss or damage to your goods while being transported by rail, road, air or by sea and storage at Warehouse, Job Workers locations, Processing Units. The policy compensates you for losses suffered and offers complete financial protection during the transit and Storage of your goods

This Policy which is also popularly known as `Cradle to Grave`, is in fact a Package Policy which combines the risks of transit & storage under a ` Single Policy`.

What is covered under these Policies?

Raw materials, Work in Progress & Finished Goods in transit on anywhere in World to in anywhere in World basis.

All Locations are covered such as your Factory (ies)/ Job Workers/ Sub-Contractors/ Processing Unit/s/Warehouses (3rd Party taken on lease or on rent) when cargoes are not in ordinary course of transit within the meaning of Cargo Insurance.

Additional Coverage

• FOB Extension
• Duty Insurance
• Sellers` Interest Coverage
• Buyers` Interest Clause
• Buyers` Interest Coverage

What are the exclusions under these Policies?

The general exclusions are given below:

• Wilful misconduct of assured
• Ordinary leakage, loss in weight or volume, ordinary wear and tear
• Insufficient packing
• Goods at retail premises.
• Policy deductible.
• Inherent Vice/inevitable/ordinary loss
• Loss caused by delay, even if delay be caused by an insured peril
• Nuclear or radioactive weapons
• Any property other than the subject matter insured.
• Processing risk.
• Consequential Loss.
• SRCC (Strikes, Riots & Civil Commotions including Act of Terrorism)
• War and allied perils.
• Absence, shortage or withholding of labour resulting from strike, lock out, labour disturbances, riot or civil commotions.
• Insolvency or financial default of owners, managers, charters or operators of the vessel
• Unseaworthiness of vessels or craft or unfitness of vessel, craft, conveyance, container of lift van, where you or their servants are privy at the time of loading.
• Unexplained or mysterious disappearance or stock taking losses.

This is not exhaustive list.

Services:

We aim to provide high quality of protection and quality services. Our services include:

• evaluation and analysis of risks
• expert guidance relating to cargo exposures
• designing your Insurance Programme
• comprehensive claims servicing
• provision of market information
• devising risk control programmes.