Protecting Your Cargo and Vessels Across Waters
Tanzania’s position on the Indian Ocean and as a gateway to landlocked neighbors makes maritime trade essential to the economy. Whether you’re importing raw materials through Dar es Salaam port, exporting Tanzanian agricultural products, or operating vessels along our coastline and inland waterways, marine risks are real and potentially catastrophic.
Al Baraka Takaful Marine Insurance provides comprehensive, Shariah-compliant protection for cargo, vessels, and maritime liabilities, ensuring that your international and domestic trade isn’t disrupted by the perils of the sea.
Coverage Options
Marine Cargo Insurance
Protects goods in transit by sea, air, road, or rail from origin to final destination.
Institute Cargo Clauses (ICC) Options:
ICC (A) – All Risks Coverage
Most comprehensive protection covering all physical loss or damage from external causes, except specifically excluded perils. Ideal for high-value or fragile goods.
Covered perils include:
- Storm, heavy weather, and rough seas
- Vessel sinking, grounding, or collision
- Fire, explosion, and lightning
- Jettison and washing overboard
- Piracy and theft
- Damage during loading/unloading
- Earthquake and natural disasters
- General average contributions
ICC (B) – Named Perils (Wide)
Covers specific major perils during voyage, suitable for standard goods with moderate risk.
Covered perils include:
- Fire, explosion, and vessel collision
- Vessel stranding, sinking, or capsizing
- Overturning of road vehicle
- General average sacrifice
- Jettison
ICC (C) – Named Perils (Basic)
Essential coverage for basic perils, most economical option for low-risk, low-value cargo.
Covered perils include:
- Fire and explosion
- Vessel stranding, sinking, or capsizing
- Overturning of road vehicle
- General average sacrifice
Inland Transit Insurance
Extends coverage for goods traveling by road or rail within Tanzania or from neighboring countries.
Hull & Machinery Insurance
Comprehensive protection for vessel owners covering ships, boats, and watercraft.
Coverage includes:
- Physical damage to hull, machinery, and equipment
- Collision liability (damage to other vessels)
- General average contributions
- Salvage and sue & labor expenses
- Total or constructive total loss
- Navigational equipment and electronics
Types of vessels covered:
- Cargo ships and tankers
- Fishing vessels
- Passenger ferries
- Tugboats and service vessels
- Pleasure yachts and boats
Freight Insurance
Protects the freight charges you’re entitled to receive, crucial if cargo is lost and freight isn’t pre-paid.
Liability Insurance (P&I Coverage)
Third-party liability coverage for vessel operators:
- Injury to crew or passengers
- Pollution and environmental damage
- Damage to port facilities
- Wreck removal obligations
Who Needs Marine Insurance?
Importers
If you’re bringing goods into Tanzania – raw materials, machinery, consumer goods, or any imports – marine insurance protects your investment from the moment goods leave the supplier until they reach your warehouse.
Exporters
Tanzanian exporters of coffee, tea, cashews, minerals, and manufactured goods need coverage ensuring that your products reach international buyers in perfect condition, protecting your reputation and revenue.
Freight Forwarders
As intermediaries managing logistics for clients, you need coverage protecting goods in your care, custody, and control.
Shipping Companies
Vessel owners and operators require hull insurance and liability coverage to protect expensive assets and manage third-party risk.
Ship Chandlers
Suppliers of ship equipment, provisions, and services need coverage for goods supplied to vessels.
Clearing & Forwarding Agents
Managing goods through customs and port facilities creates liability that requires proper insurance protection.
Project Cargo Handlers
Oversized, high-value project equipment requires specialized marine coverage with appropriate limits.
Benefits & Features
Who Needs Marine Insurance?
Marine claims require immediate action:
- Immediate Notice: Report damage or loss within 24 hours of discovery
- Preserve Evidence: Don’t dispose of damaged goods; take extensive photos
- Obtain Surveys: Independent surveyor assesses damage and determines cause
- Collect Documents: Bill of lading, commercial invoice, packing list, survey report
- Claim Submission: Submit complete documentation to claims department
- Assessment: We review surveys, documents, and coverage terms
- Settlement: Approved claims settled within 14-21 days of receiving complete documentation
Required Documentation:
- Original policy or certificate of insurance
- Original bill of lading or airway bill
- Commercial invoice and packing list
- Survey report from independent surveyor
- Photos of damaged goods and packaging
- Delivery receipts or warehouse records
- Correspondence with carriers
- Repair estimates or replacement costs
Average Settlement Time:
- Straightforward cargo claims: 14-21 days
- Complex claims requiring investigation: 30-45 days
- Total loss claims: 21-30 days
- General average contributions: 60-90 days (due to complexity)
Get Your Marine Insurance Quote
Protect your imports, exports, and vessels with internationally recognized, Shariah-compliant marine coverage.
What We Need for Cargo Quote:
- Description of goods and value
- Packing method
- Origin and destination
- Mode of transport (sea, air, road)
- Voyage route
- Required coverage level (ICC A, B, or C)
- Annual shipment volume (for open cover)
What We Need for Hull Quote:
- Vessel type, age, and specifications
- Current market value
- Navigational area
- Use (commercial, fishing, pleasure)
- Safety equipment and certifications
- Claims history
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Contact
- Dar es Salaam, Tanzania
-
+255 22 292 6564
+255 22 292 6563 - info@albarakatakaful.co.tz