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Group Life Corporate

Mayban MAST (Marine, Air, Sea, Transit) Cargo Insurance Scheme

A coverage plan for traders against losses at sea through maritime perils such as sinking, grounding, stranding, collision at sea or heavy weather

Features


Features

  • Convenient and immediate cover against losses incurred at sea through maritime perils
  • Special terms
  • Strong financial security
  • Technical advice
  • Double tax incentives
  • Prompt handling and settlement of claims

    

Benefits


Voyage

Shipments to and from anywhere in the world excluding war zone countries

Risks covered

Institute Cargo Clauses A such as:

  • Fire and explosion
  • Sinking, stranding, grounding, capsizing
  • Collision or contact
  • Earthquake, volcanic eruption, lightning
  • General average sacrifice
  • Jettison and washing overboard
  • Discharge of cargo at port of distress
  • Entry of sea, lake or river water into vessel
  • Theft, pilferage and non-delivery

Cargo covered

All general non-perishable cargo. The following are examples of cargo/shipment that are NOT covered:

  • Precious metals, gold bullion, antiques, works of art, cash, jewellery, precious stones, documents of value, deeds, manuscripts and stamps
  • Tug and barge shipments
  • Handphones
  • Hard disk drives
  • Integrated circuit
  • Livestock/bloodstock e.g. sheep, cattle, horses, etc
  • Frozen/fresh food
  • Shipment on wooden vessels

This plan is underwritten by Mayban General Assurance Berhad (4157-A), now known as Etiqa Insurance Berhad, a subsidiary of Malayan Banking Berhad (3813-K). You should satisfy yourself that this scheme will best serve your needs and that the premium payable under the policy is an amount you can afford. This web page is not part of the contract of insurance. The precise benefits, terms and conditions and other details are available in the Policy Contract. You will be given a copy of the Policy Contract as proof of purchase.

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