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General Inquiries  Thank you for choosing Us. Your Reliable Logistics Partner | +603-3168 3998 for further inquiries!
 Marine Insurance OUR SERVICES

Whether you’re involved in importing, exporting or simply moving cargo, your own or somebody else’s, you are exposed to risks. And the financial consequences can really set you back. OurCTC Risks Mgnt able to provides different covers importers and exporters needs, and customize them according to your requirements.

IP Logistics offers a wide choice of covers with cost saving competitive rates. It has a fast and efficient policy processing and claims handling system. We also provide loss prevention and risk management services.

Working closert an extensive global network of over 300 survey and settling agents which means we can handle shipments to and from every part of the world. In addition when your cargo is insured with us it qualifies your marine insurance premium for double tax deduction.


Leave the rest to us

With industrialization of Malaysia, movement of cargo and related service is vital for business to succeed. Marine Insurance undeniably plays an important role to provide insurance cover from “door to door”. Hence “one stop” Insurers like IP provides not only comprehensive insurance coverage but expertise as well as professional claim services.

A business man will be comforted and rest assured when he imports raw material, machines, commodities when insurance is placed here in Malaysia where he does his business. His dealing with the local insurance company will ensure that he get complete cover as well as personalized service not to mention long relationship with Us.

Goods should be purchased on FOB/CFR/Ex Works terms and coverage up to their “door” hence any misfortune that can cause loss or damage to the goods is covered locally at IP. In addition double taxation benefit enables him to reduce his overheads as far as insurance premiums are concerned.


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INSTITUTE CARGO CLAUSES(A),(B)&(C) CLAUSES SUMMARY CHART-RISK COVERED/EXCLUDED


Risks A Clauses B Clauses C Clauses
Fire / Explosion YES YES YES
Vessel/Craft being stranded, grounded, sunk or capsized YES YES YES
Overturning or derailment of land conveyance YES YES YES
Collision or contact of vessel, craft or conveyance with any external object other than water YES YES YES
Discharge of cargo at a port of distress YES YES YES
Earthquake, volcanic eruption or lightning YES YES NO
General Average sacrifice YES YES YES
Jettison YES YES YES
Washing overboard YES YES NO
Entry of sea, lake or river water into vessel, craft, hold, conveyance, container, liftvan or place of storage YES YES NO
Total loss of any package lost overboard or dropped whilst loading onto or unloading from vessel or craft YES YES NO

The Institute Cargo Clauses (A) provides some form of an "all risks" cover and the exclusions are spelt out in the clause wordings.



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