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Covers the risks involved in transporting goods by Ocean Vessel

Aircraft, Barge, Rail, Truck or any other mode of transport.

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ABNIC offers extensive coverage for Marine and Aviation risks. Our expert professionals ensure appropriate coverage at competitive prices and also offers valuable consultancy services on risk management.
We offer:
Marine Cargo

When goods are moved during the normal course of business, there is always a need for Marine Cargo Insurance. It covers the risks involved in transporting goods by Ocean Vessel, Aircraft, Barge, Rail, Truck or any other mode of transport.

Marine Cargo Insurance provides protection for goods being transported, indemnifying the Insured for physical loss or damage that results from an insured peril. The most important aspect of this type of insurance is that as an assignable document, the title can be transferred from one party to another. With Cargo insurance, the person who arranges and buys the policy is not always the person entitled to claim in the event of a covered loss.

Who is a potential Marine Cargo Insurance customer?

Any person who has an insurable interest in a shipment, and who would suffer a financial loss should the cargo be damaged or destroyed or would benefit from the safe arrival of the cargo, has a need for Marine Cargo Insurance.

Suppliers, Processors and Distributors
Manufacturers
Commodity Traders
Customs Brokers
Banks
Wholesalers & Retailers
Logistics & Project Managers
Airfreight Carriers
Importers & Exporters
Freight Forwarders
Multi-national Companies
Warehousemen
Trucking companies
Couriers
Logistics management firms
Marine Insurance Products
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Marina Operatior Proposal Form
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Marine Cargo Open Cover Proposal form-New
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Marine Cargo Proposal form-New 2019
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H&M Proposal form - New-2019
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Open Cover – Proposal Form-New
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MARINE CARGO CLAIM FORM-ABNIC
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MARINE HULL CLAIM FORM-ABNIC
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Marine and aviation insurance are two types of insurance policies designed to protect businesses and individuals in the UAE against financial losses resulting from risks associated with marine and aviation activities.

Marine Insurance:

Marine insurance provides coverage for loss or damage to vessels, cargo, and other property during marine transportation. It can also provide coverage for liabilities arising from marine accidents, such as collisions or environmental damage. Marine insurance can be tailored to suit the needs of different businesses and individuals, including shipping companies, freight forwarders, and yacht owners.

Aviation Insurance:

Aviation insurance provides coverage for risks associated with aviation activities, including physical damage to aircraft, liability arising from accidents, and loss or damage to cargo during air transportation. It can also provide coverage for ground handling activities, such as maintenance and refueling. Aviation insurance is typically purchased by airlines, aircraft owners, and other aviation-related businesses.

Both marine and aviation insurance policies in the UAE are regulated by the Insurance Authority, which ensures that insurance providers adhere to strict standards of financial stability and customer protection.

When selecting an insurance provider for marine or aviation insurance in the UAE, it is essential to choose a company with a solid reputation, experience in the industry, and a track record of providing comprehensive coverage at competitive premiums. Al Buhaira Insurance is a reputable insurance provider that offers a range of marine and aviation insurance products tailored to the needs of different businesses and individuals in the UAE. With Al Buhaira Insurance, customers can have peace of mind knowing that they are adequately protected against the risks associated with marine and aviation activities.

Here are some frequently asked questions about marine and aviation insurance in the UAE:

Ans: Marine insurance is a type of insurance policy that provides coverage for loss or damage to vessels, cargo, and other property during marine transportation. It can also provide coverage for liabilities arising from marine accidents, such as collisions or environmental damage.
Ans: Aviation insurance is a type of insurance policy that provides coverage for risks associated with aviation activities, including physical damage to aircraft, liability arising from accidents, and loss or damage to cargo during air transportation.
Ans: Marine insurance is typically purchased by businesses and individuals involved in marine transportation, including shipping companies, freight forwarders, and yacht owners.
Ans: Aviation insurance is typically purchased by airlines, aircraft owners, and other aviation-related businesses.
Ans: Marine insurance can provide coverage for loss or damage to vessels, cargo, and other property during marine transportation, as well as liabilities arising from marine accidents.
Ans: Aviation insurance can provide coverage for risks associated with aviation activities, including physical damage to aircraft, liability arising from accidents, and loss or damage to cargo during air transportation.
Ans: Marine and aviation insurance is not mandatory in the UAE, but it is highly recommended for businesses and individuals involved in marine and aviation activities to protect themselves against unexpected financial losses resulting from risks associated with these activities.
Ans: The premium for marine and aviation insurance is calculated based on several factors, including the size and scope of the business or individual's activities, the level of coverage required, and the claims history.
Ans: When selecting an insurance provider for marine and aviation insurance, you should consider the company's experience in the industry, its reputation, and its customer service. It is also essential to choose a provider that offers comprehensive coverage with competitive premiums.
Ans: Al Buhaira Insurance is a reputable insurance provider with over 40 years of experience in the industry. The company offers a range of marine and aviation insurance products tailored to the needs of different businesses and individuals in the UAE. With Al Buhaira Insurance, customers can have peace of mind knowing that they are adequately protected against the risks associated with marine and aviation activities.
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Al Buhaira Tower, Khalid Lagoon, Buhaira Corniche, Sharjah, UAE P.O. Box – 6000
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