ONE Marine Cargo
ONE Insurance Underwriting Managers (Pty) Ltd
The ONE Marine Cargo Policy covers the movement of goods from the time of attachment of risk (depending on the Incoterms) until the goods are delivered to the final destination. It protects the policyholder against loss of, or damage to, cargo subject to the Institute Clauses as published by Witherby’s. This encompasses all means of shipping of goods by road, air, sea, rail or by post. These goods are either imported, exported, distributed within RSA (inland transit) or by cross voyages (shipments that do not enter or leave RSA).
Premium for these policies may be charged on a monthly basis (i.e. declaration basis) or, alternatively, charged on an annual 12-month basis, based on a deposit calculated on the estimated value of shipments and adjusted at the conclusion of the policy period on the actual value of shipments
Facultative individual marine insurance policies may be issued for one-off shipments for a certain period, usually for a specific voyage
ONE Insurance Underwriting Managers (Pty) Ltd Reg No. 1996/008987/07. Authorised Financial Services Provider FSP8783 VAT No. 4370160501