Marine Insurance for Rice Exporters

𝗖𝗮𝗿𝗴𝗼𝗖𝗼𝘃𝗲𝗿 𝗔𝗱𝘃𝗶𝘀𝗼𝗿𝘆 — 𝗠𝗮𝗿𝗶𝗻𝗲 𝗜𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗳𝗼𝗿 𝗜𝗻𝗱𝗶𝗮𝗻 𝗘𝘅𝗽𝗼𝗿𝘁𝗲𝗿𝘀 CargoCover Advisory is an authorized ICICI Lombard marine insurance agency built exclusively for Indian exporters, importers, and CHAs. Every Marine Open Cover policy we structure is backed by 110% of CIF invoice value as standard (not just invoice value), Institute Cargo Clause A — All Risks as the base of cover, and War Clause and SRCC (Strikes, Riots & Civil Commotion) clauses built in as standard, not sold as a costly add-on after something has already gone wrong. Below is how this applies specifically to exporters in this category. 𝗠𝗮𝗿𝗶𝗻𝗲 𝗖𝗮𝗿𝗴𝗼 𝗜𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗳𝗼𝗿 𝗜𝗻𝗱𝗶𝗮𝗻 𝗥𝗶𝗰𝗲 𝗘𝘅𝗽𝗼𝗿𝘁𝗲𝗿𝘀 India is the world's largest rice exporter, shipping basmati rice, non-basmati rice, parboiled rice, sella rice, steam rice, white rice, and broken rice (25%, 100% broken) to more than 150 countries. Popular varieties include Pusa Basmati, 1121 Basmati, IR-64, Sona Masoori, and PR-11. 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝗼𝗻 𝗵𝘂𝗯𝘀 & 𝗲𝘅𝗽𝗼𝗿𝘁 𝗿𝗼𝘂𝘁𝗲: Basmati rice is grown and milled across Punjab, Haryana, western Uttar Pradesh, and parts of Rajasthan and Delhi/NCR. Non-basmati and parboiled rice milling clusters are concentrated in Andhra Pradesh, Telangana, West Bengal, Chhattisgarh, and Odisha. Shipments typically move via Kandla, Mundra, JNPT, Kolkata, Kakinada, Krishnapatnam, and Chennai. 𝗞𝗲𝘆 𝗲𝘅𝗽𝗼𝗿𝘁 𝗱𝗲𝘀𝘁𝗶𝗻𝗮𝘁𝗶𝗼𝗻𝘀 & 𝗳𝗼𝗿𝗲𝗶𝗴𝗻 𝗽𝗼𝗿𝘁𝘀: Basmati rice moves mainly to Saudi Arabia (Jeddah, Dammam), Iran (Bandar Abbas), Iraq, UAE (Jebel Ali), Kuwait, the UK, and the USA. Non-basmati and broken rice moves largely to African markets (Benin/Cotonou, Senegal/Dakar, Ivory Coast/Abidjan, Kenya/Mombasa, Tanzania/Dar es Salaam), Bangladesh (Chattogram), Nepal, and Indonesia. 𝗪𝗵𝗮𝘁 𝗖𝗮𝗿𝗴𝗼𝗖𝗼𝘃𝗲𝗿 𝗔𝗱𝘃𝗶𝘀𝗼𝗿𝘆 𝗰𝗼𝘃𝗲𝗿𝘀 𝗳𝗼𝗿 𝗥𝗶𝗰𝗲 𝗲𝘅𝗽𝗼𝗿𝘁𝗲𝗿𝘀: ✅ Cover against moisture ingress and container 'sweating' — the single biggest cause of rice cargo claims on long tropical voyages ✅ Infestation and contamination risk cover for bulk and bagged shipments ✅ Warehouse-to-warehouse cover from the mill to the final port of discharge ✅ Correct CIF/FOB valuation so your policy reflects true consignment value, not just invoice price ✅ Annual Open Marine Policy for exporters shipping multiple containers a month ✅ Dedicated claims support for survey and adjustment on rejected or damaged consignments at destination Rice exporters registered with APEDA (Agricultural & Processed Food Products Export Development Authority) rely on CargoCover Advisory, an authorized ICICI Lombard marine insurance agency, to structure Marine Open Cover policies that match their actual commodity, packaging, and export route — not a generic template policy. Whether you ship containerised, bulk, or break-bulk cargo, your marine policy should reflect how rice actually travels from factory to destination port. Connect with CargoCover Advisory for a free marine insurance policy review. Authorized ICICI Lombard Agent | Marine Cargo Insurance Advisory for Indian Exporters, Importers & CHAs