Fire & Explosion
Coverage loss or damage caused by fire or explosion
Overturning & Derailment
Coverage for overturning or derailment of land conveyance
Coverage for discharge of cargo at a port of distress
General Average Sacrifice
Coverage for voluntary sacrifice of part of a vessel or cargo to safeguard the vessel or cargo from a common peril
General Average & Salvage Charges
Coverage to protect vessel against additional loss. (e.g., adding barrier to broken window, salvage company grounding ship)
Coverage for loss or damage caused by rainwater
Stranded, sunk, grounded or capsized
Coverage for vessel or craft being stranded, sunk, grounded or capsized
Collision with external object
Coverage for collision or contact of vessel/craft or conveyance with any external object other than water
Coverage for the intentional throwing overboard of part of the cargo in order to save the ship or its cargo.
Pirates, Thieves, & Non-Delivery
Coverage for the loss or damage caused by theft or pirates
Acts of God
Coverage for loss or damage caused by earthquake, volcanic eruption or lightning
Entry of Water
Coverage for loss or damage caused by entry of sea, lake or river water into vessel, craft, hold, conveyance, container, lift van or place of storage
Loss or Damage of Goods
Coverage for loss of any package lost overboard or dropped whilst loading onto or unloading from vessel
Any person who owns a property or who has a legal obligation over safety of a property e.g., Owners of goods traded, Business owners, Manufacturers and Distributors, etc.
The following illustration shows how external cargo insurance provides different protections for insured goods along the route of transportation.
Calculated based on sum insured (cargo value)
Coverage is applicable for single voyage.
This Oversea Marine Cargo Insurance is underwritten by AYA SOMPO Insurance Company Ltd and distributed by AYA Bank PCL. It is not an obligation of, deposit in or guaranteed by AYA Bank. AYA SOMPO Insurance Company Ltd reserves the right of final approval. Full details of the terms, conditions and exclusions of the insurance are provided in the policy wordings and will be sent to you upon acceptance of your application by AYA SOMPO Insurance Company Ltd.
This webpage contains only general information and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person. It is not intended as an offer or recommendation to buy the product. A copy of the product summary can be obtained from AYA Bank branches. The contract of insurance is between the insurer and the insured and not between the Bank and the insured. Bank does not give any warranty, as to the accuracy and completeness of the policies. Bank does not accept any liability or losses attributable to your contract of Insurance. Participation by the Bank’s customers in the insurance products is purely on a voluntary basis and is not linked to availment of any other facility from the bank.
This policy is protected under the Policy Owners’ Protection Scheme which is administered by Myanmar Insurance Association. For detail information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please visit any of AYA Bank branches.
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