Key Benefits

Souqalmal Insurance offers three types of cargo insurance :

• Open Cover Cargo Insurance: This policy covers any type of import or export goods by the insured’s from any where in the world (Subject to Sanctions Clause) to United Arab Emirates and Vice versa through: Land, Sea, Air and Post Parcel.
• Individual Cover or Specific Cargo: In this policy you can Cover single shipments of imports or export goods from any where in the world (Subject to Sanctions Clause) to United Arab Emirates and Vice versa by one of the transportations Land, Sea, Air and Post Parcel within specific period.
• Inland Transit: This policy broadly covers the risk of physical loss or damage to the goods (machinery, raw materials, finished goods etc.) during transit within the United Arab Emirates.

Key Exclusions

Following exclusions apply for all the above Cargo Insurance policies:

• Radioactive Contamination.
• Chemical, Biological, Bio-Chemical, Electromagnetic Weapons.
• Cyber Attack.
• IT Clarification agreement.
• Data Recognition.
• Termination of Transit Clause (Terrorism).
• Terrorism Clause (Cargo).
• Rejection Risks Absolutely.
• Contamination losses howsoever caused.
• Losses due to spontaneous combustion.




This is not an exhaustive list. Please refer policy wordings for detailed coverage, exclusions and conditions.

Download Section

– Marine Cargo - Proposal Form
– Marine Hull - Proposal Form

Key Benefits

Souqalmal Insurance offers three types of cargo insurance :

• Open Cover Cargo Insurance: This policy covers any type of import or export goods by the insured’s from any where in the world (Subject to Sanctions Clause) to United Arab Emirates and Vice versa through: Land, Sea, Air and Post Parcel.
• Individual Cover or Specific Cargo: In this policy you can Cover single shipments of imports or export goods from any where in the world (Subject to Sanctions Clause) to United Arab Emirates and Vice versa by one of the transportations Land, Sea, Air and Post Parcel within specific period.
• Inland Transit: This policy broadly covers the risk of physical loss or damage to the goods (machinery, raw materials, finished goods etc.) during transit within the United Arab Emirates.

Key Exclusions

Comprehensive Cover:

• Terrorism
• Wear and tear
• Racing
• Liability to Crew
• Radioactive Contamination, Chemical, Biological, Bio-chemical and Electromagnetic Weapons
• Marine Hull Electronic Data Recognition
• Sanction & Embargoes clause
• I T Clarification Agreement

Third Party Liability:

• Radioactive Contamination, Chemical, Biological, Bio-chemical and Electromagnetic Weapons
• Marine Hull Electronic Data Recognition Endorsement
• Sanction & Embargoes clause
• I T Clarification Agreement

Total Loss:

• Radioactive Contamination, Chemical, Biological, Bio-chemical and Electromagnetic Weapons
• Marine Hull Electronic Data Recognition Endorsement
• Sanction & Embargoes clause
• I T Clarification Agreement

This is not an exhaustive list. Please refer policy wordings for detailed coverage, exclusions and conditions

Download Section

– Marine Cargo - Proposal Form
– Marine Hull - Proposal Form

Key Benefits

Souqalmal Insurance offer three types of coverage as follows:

• Comprehensive Cover: Institute yacht clause’ to cover Any loss or damages to Hull and Machinery (All risk).
• Third Party Liability: Institute yacht clause’ to cover third Party Only.
• Total Loss: Institute yacht clause extended to cover total loss only and any accident to third party due to Total loss.

Key Exclusions

Comprehensive Cover:

• Terrorism.
• Wear and tear.
• Racing .
• Liability to Crew.
• Radioactive Contamination, Chemical, Biological, Bio-chemical and Electromagnetic Weapons.
• Marine Hull Electronic Data Recognition.
• Sanction & Embargoes clause.
• I T Clarification Agreement.

Third Party Liability:

• Radioactive Contamination, Chemical, Biological, Bio-chemical and Electromagnetic Weapons.
• Marine Hull Electronic Data Recognition Endorsement.
• Sanction & Embargoes clause.
• I T Clarification Agreement.

This is not an exhaustive list. Please refer policy wordings for detailed coverage, exclusions and conditions.

Download Section

– Marine Cargo - Proposal Form
– Marine Hull - Proposal Form