This insurance policy covers the insured for loss of or damage to the goods while being transported by sea or air.

Hydra insurance offers to importers or exporters of goods the opportunity to cover the transport of their merchandise, subject to the Institute Clauses A, B and C described below.

Institute Cargo Clauses (C)

The Clause covers loss or damage caused by:

• Fire or explosion
• Stranding, grounding, sinking or capsizing of the vessel
• Overturning or derailment of land conveyance.
• Collision or contact of vessel or other conveyance with any external object other than water
• Discharge of cargo at port of distress
• General Average Sacrifice
• Compulsory / voluntary jettison
• General Average Clause
• Both to Blame Collision Clause

Institute Cargo Clauses (B)

The Clause covers loss or damage caused by all of the above perils and also:

• Earthquake, volcanic eruption or lightning
• Entry of sea, lake or river water into the vessel, container or place of storage
• Washing overboard

Also, cover of TOTAL loss of package:

• lost overboard or dropped whilst loading on to or unloading from the vessel

Institute Cargo Clauses (A)

The Clause covers loss or damage caused by all of the above perils and also any other loss or damage caused by a sudden and unforeseen event (All Risks) which is not specifically excluded.