Marine Sales Turnover Insurance Policy

  • Buy Marine Sales Turnover Insurance Policy in India

Are you having business, which involves movement of goods using transportation? If  you  have  taken  transit  insurance  to  cover  against  the  damages  in  transit  due  to  accident,  fire, lightening  and  other  hazards,  you  might  have  find  it  cumbersome  to  get  insurance  cover  for  every transaction  from  your  insurance  company. Marine Sales Turnover Policy is a flexible and adaptable marine insurance cover. It can be best solution for your requirement. It not only saves you from frequent documentation but also results in huge saving in premium. Rather than issuing marine certificates for every transit only declaration is to be submitted to insurance companies for the shipment taken place. A marine turnover policy has come in as a blessing for companies. It provides the facility of paying  premium  in instalment quarterly/ half yearly basis. Marine Insurance also covers a company’s sales turnover unlike the other marine open policies which cover the value of goods which are offered for insurance.

Sales Turnover Policy is a highly flexible and customize marine insurance cover. Instead of covering a particular type of transit, this policy can cover all the transits that are required to achieve a sales.

Key features

  • Sizeable saving in premium, which is charged only on your sales turnover.
  • Seamless cover with all movement of goods automatically covered.
  • No hassles of submitting periodical declaration of movements to the insurer. Only monthly/ Quarterly sales figures need to be submitted.
  • Facility for payment of premium on half-yearly / quarterly basis.

Benefits

STOP provides you Transit insurance coverage on:

  • Imports + Customs Duty (Actual or Deemed / Contingent) +
  • Domestic purchase of raw materials, consumables & stores +
  • Any number of inter- factory / inter-depot / to & fro job worker movements +
  • Exports (FOB/CIF) +
  • Domestic sales of finished goods
  • Temporary storage cover at intermediate locations like Job workers / C & F premises etc.

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