POINTS TO BE EXPLORED

 Important points in UW of Marine Policy:

a. Sum Insured
b. Commodity
c. Transit Details
d. Packaging Details

 Meaning of PSL & PLL

a. PSL: Per Sending Limit: Limit per sending, as stated in a marine open policy, can be
defined as the maximum limit of liability which the insurer would assume in respect of
goods belonging to the assured carried on a single conveyance
b. PBL: Per Bottom Limit: The “per bottom limit” states the maximum amount for which
your insurance provider would be liable in case of claims

 ICC & ITC Cover – Difference between A,B & C Cover

 Different transit leg which can be covered:

a. Inland Purchase
b. Inland Sales
c. Import Purchase
d. Import Sales
e. Export Purchase
f. Export Sales
g. Inter-depot Transit
h. Capital Goods
i. Sales Returns
j. Job Works
k. Custom Duty
 ODC Cargo:

 INCO Terms & its importance:

 Claim Process in brief