In Marine Takaful coverage is provided for goods in transit for both Import and Export and Inland Transit and the mode of conveyances on waterways, air and land routes Marine Cargo Takaful is divided mainly into three segments i.e.
The goods are covered from warehouse to warehouse the contract is usually on C&F and EXW basis.
The goods are covered from warehouse to warehouse. The contracts can be CIF and DAP, CIP basis.
The goods are covered from anywhere in Pakistan to anywhere in Pakistan. The covers with respect to above segments are granted as per London Institute Cargo Clauses A, B & C and TLO. Whereas clause “A” provides widest and most comprehensive cover while clause “B & C” provides the narrowest scope of cover.
