This policy is valid for a single voyage or transit. The policy is issued before the voyage starts. The coverage will cease immediately on completion of the voyage.

In case of frequent shipments, it will be cumbersome, if not altogether difficult, to need issuance of a Salaam Marine Takaful policy every time. To solve this problem, a single policy is issued to cover all the shipments during the year. Each shipment affected during the policy period is endorsed therein by means of a declaration of shipment. The policy is normally issued for a 12-months’ period. The coverage of the policy is based on the type of cargo. We provide Takaful coverage for all kinds of commodities including, but not limited to, steel products, bulk oil cargoes, containerized products, etc. This policy covers various types of cargo transported by sea, air as well as by land conveyance. The extent of cover varies from a limited TLO to an all-risk comprehensive cover in accordance with the internationally recognized ‘Institute Cargo Clause ‘A’, ‘B’ or ‘C’.