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Air marine cargo Parcel post cargo Land transit cargo MARINE INSURANCE Facts to know What is marine insurance? Insurance against loss or damage to cargo goods and merchandise during land transit/sea voyage/air transport from and to Cyprus. Insurance for shipments not involving Cyprus can also be provided. Prospective clients: For all merchants, manufacturers, importers and exporters. How to act: You may send us your request by e-mail at info@progressiveic.com and we shall be pleased to respond to you as soon as possible. Alternatively, you may send us your request and demand for information by completing the Inquiry Form . You may also call us at + 357 22 75 85 85 or send us a fax at + 357 22 75 47 47 and it will be our pleasure to assist you. You can as well make your request to your "PROGRESSIVE" agent/broker. Individual Policies: One shipment of goods for one voyage I.E. "One Off" risks. Annual Policies: Suitable for an irregular flow of business, deposit premium based on turnover, declarations at agreed intervals, annual adjustment and renewal. Permanent Open Covers: Suitable for a
regular flow of business, automatically covers all goods specified, declarations
at agreed intervals, policies and premiums debited at agreed intervals. Institute cargo clauses (A): Widest form of cover available, insures "all risks" with stated exclusions. Institute cargo clauses (B): Restricted form of cover, insures against major accidents to carrying vessel or conveyance, can include specified additional perils. Institute cargo clauses (C): Most restricted form of cover, insures against major accidents to carrying vessel or conveyance only. War and strike clauses: Standard extension available for (A), (B), and (C). Duration of cover: Warehouse to warehouse during ordinary course of transit. Rates: Individually assessed on merit, no tariffs other than war risks and overage of vessel. For commercial goods the sale contract governs the needs of sellers and buyers for insurance.
1. The information contained here is intended to provide only a general description of the insurance and is not intended to describe in detail. 2. PROGRESSIVE recommends that a potential purchaser thoroughly examine any policy or contract offered and consult with an appropriate expert to be certain of the precise nature of its details.
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