Project Cargo Insurance Services

Marine Insurance for Project Cargo | Cargo Cover

Project cargo shipments involve some of the highest-value, most complex freight in international trade, including heavy machinery, industrial equipment, power plant components, refinery equipment, and oversized structural cargo. These shipments demand specialized handling and specialized insurance. Cargo Cover, India's first dedicated marine insurance desk backed by ICICI Lombard, offers tailored marine insurance for project cargo, covering high value, heavy lift, and oversized shipments from origin to final site.

Why Project Cargo Needs Specialized Cover

Heavy lift and oversized cargo faces risks standard policies rarely address, including crane and lifting accidents, on-hook and off-hook exposure during loading and unloading, damage during multi-modal transport, risk during construction and erection at site, and extended transit timelines involving multiple ports and carriers.

Our Specialization

Heavy lift cover for breakbulk and oversized cargo
On and off-hook coverage during loading, unloading, and in-transit handling
Port to port and door to door coverage as per logistics requirements
Construction and erection risk coverage during installation, testing, and commissioning
All risk coverage for comprehensive protection of valuable project cargo
Coverage structured for FCL, breakbulk, and multi-modal project shipments
Risk assessment based on rigging plans, lifting methods, and site conditions

Clauses and Coverage Offered

Institute Cargo Clauses A for all risk coverage including accidental loss and physical damage
Construction All Risk and Erection All Risk extensions for on-site installation and commissioning
Warehouse to Warehouse Clause for continuous cover from factory to final site
Institute War Clauses for war and hostilities risk during transit
Institute Strikes Clauses for SRCC risk
On Hook Clause covering cargo during crane lifting operations
Delay in Start Up Clause for project cargo facing commissioning delays due to transit damage
General Average and Salvage Charges Clause
Duty and Increased Value Clause
Storage and Transit Combined Clause for cargo requiring interim storage before erection

Benefits of Working With Cargo Cover

India's first dedicated claim desk for marine insurance
Expert tailor made insurance structured around your specific project needs
Global network with strong support worldwide
400 plus satisfied exporters and project cargo clients
Backed by ICICI Lombard for strong claims paying capacity
Claim assistance from documentation through settlement
Global policy support for cross-border and multi-country project execution
Transit and storage coverage combined under a single policy
War risk option available for high-risk shipping routes and regions

Who This Is For

EPC contractors, heavy machinery exporters, power and infrastructure equipment manufacturers, refinery and process equipment suppliers, project logistics companies, and freight forwarders handling heavy lift, breakbulk, and oversized cargo shipments.

Cargo Cover. Strong cover. Safe shipments. Global deliveries.