{"id":1316,"date":"2017-07-25T06:10:27","date_gmt":"2017-07-25T06:10:27","guid":{"rendered":"https:\/\/pamstaging.securenow.in\/insuropedia\/?p=1316"},"modified":"2026-02-07T16:44:31","modified_gmt":"2026-02-07T16:44:31","slug":"understand-duty-insured-marine-insurance-policy","status":"publish","type":"post","link":"https:\/\/securenow.in\/insuropedia\/understand-duty-insured-marine-insurance-policy\/","title":{"rendered":"What is the Insured&#8217;s Duty Under a Marine Insurance Policy?"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p><span style=\"font-weight: 400;\">In case of loss or damage to goods (falling under this policy), the insured and\/or their agent should immediately notify the <a href=\"https:\/\/securenow.in\/marine-insurance\">marine insurance company<\/a> (notice of loss) or the insurance agent mentioned in their policy and provide the insurance company or the agent the full details of the loss. <\/span><span style=\"font-weight: 400;\">An insured and his agent\/agents have the responsibility to take reasonable measures to ensure that there is no loss or limited loss or damage to the goods by perils stipulated as per the policy and act as if the goods are uninsured. This is generally called the <\/span><a href=\"https:\/\/securenow.in\/insuropedia\/what-is-insurable-interest-marine-policies\/\"><span style=\"text-decoration: underline;\"><span style=\"font-weight: 400;\">insurable interest in marine insurance<\/span><\/span><\/a><span style=\"font-weight: 400;\">. The insured and\/or his agents must exercise and preserve all rights against bailees, carriers, and\/or other third parties.<\/span><\/p>\n<p><strong>Read More: <\/strong><span style=\"text-decoration: underline;\"><a href=\"https:\/\/securenow.in\/insuropedia\/what-is-not-covered-under-marine-insurance\/\">What is not covered Under Marine Insurance?<\/a>\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In terms of the condition of the goods\/packages, the insured and\/or agents need to respect and follow these below :<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A call for an insurance survey before delivery on the packages must do if the ship survey becomes time-barred<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Obtain an insurance survey by the Insurance Company if upon unpacking loss or damage to the goods. Even though on delivery the packages were in good condition.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">All packing materials along with their contents should keep intact by the insured and\/or agents for proper inspection and assessment by the surveyors<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">When an insured finds missing packages or goods he or his agents should lodge a <\/span><span style=\"text-decoration: underline;\"><span style=\"font-weight: 400;\">formal claim<\/span><\/span><span style=\"font-weight: 400;\"> to the shipping company and also the bailees for the full value of the missing packages\/goods and get a written acknowledgement for the missing packages\/goods from them.<\/span><b>\u00a0<\/b><\/p>\n<h3><b>Case Study: 1<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">A tanker had loaded petroleum in UAE from a mother ship for export ashore. Upon testing of \u2018first-foot samples, the flashpoint of the cargo showed some possible contamination with some residues of the previous cargo of petroleum. And found about 800 tonnes of contaminated cargo and so the buyer rejected the consignment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Also, it was extremely difficult to dispose of the contaminated cargo. Here, though the company that owns the tanker, J.J Ship, had a <\/span><span style=\"font-weight: 400;\">marine cargo insurance policy<\/span><b>,<\/b><span style=\"font-weight: 400;\"> the insurer refused to settle the claim. The problem was with the tank cleaning, and J.J Ship had been unable to carry out the tank cleaning properly.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Just because J.J Ship has a marine insurance policy, it doesn\u2019t mean that the company can act sloppily. In this case, the company loaded petroleum without paying attention to the tank cleaning which resulted in consignment contamination.<\/span><\/p>\n<h3><b>Case Study: 2<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">In 2010, T.J Fashion bagged a large contract for exporting fashion garments, including mens\u2019, womens\u2019, and kids\u2019 apparel to some Western nations. Before dispatching the consignment, the packaging team of T.J Fashion scrutinized the packaging and later allowed to send the consignment. It took nearly ten days for the consignment to reach its destination.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, at the time of unloading, the buyer found some boxes wet and damaged. Due to this, the buyer suffered a loss worth Rs 10 lakh and filed a case against T.J Fashion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As T.J Fashion had a marine insurance policy, they approached the insurer. However, they got a major blow when the insurer refused to settle the claim. Though the packaging team of T.J Fashion had scrutinized the consignment, it acted carelessly and did not pay heed to the poor quality of the boxes. As a result, the boxes were not able to withstand the weather conditions which resulted in damage.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this case, T.J Fashion had certainly bought a <a href=\"https:\/\/securenow.in\/marine-insurance\">marine insurance policy<\/a>. However, the company acted recklessly and did not take proper care before dispatching the consignment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Just because the company has a marine insurance policy, it doesn\u2019t give them the right to act hastily. The marine insurance policyholder must take necessary steps to curtail losses and should act like the goods are not insured.<\/span><\/p>\n<h4><b>About The Author<\/b><\/h4>\n<p><strong>Simran<\/strong><\/p>\n<p><strong>MBA Insurance and Risk<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">With extensive experience in the insurance industry, Simran is a seasoned writer specializing in articles on marine insurance for SecureNow. Drawing from 5 years of expertise in the field, she possesses a comprehensive understanding of the complexities and nuances of marine insurance policies. Her articles offer valuable insights into various aspects of marine insurance, including cargo protection, hull insurance, and liability coverage for marine-related risks. Renowned for their insightful analysis and informative content, Simran is committed to providing readers with actionable information that helps them navigate the intricacies of marine insurance with confidence.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In case of loss or damage to goods (falling under this policy), the insured and\/or their agent should immediately notify the marine insurance company (notice of loss) or the insurance agent mentioned in their policy and provide the insurance company or the agent the full details of the loss. An insured and his agent\/agents have [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_lmt_disableupdate":"no","_lmt_disable":"no","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[318,4],"tags":[159],"class_list":["post-1316","post","type-post","status-publish","format-standard","hentry","category-importance-marine-insurance","category-marine-insurance","tag-marine-insurance-policy"],"acf":[],"modified_by":"SecureNow","_links":{"self":[{"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/posts\/1316","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/comments?post=1316"}],"version-history":[{"count":20,"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/posts\/1316\/revisions"}],"predecessor-version":[{"id":35007,"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/posts\/1316\/revisions\/35007"}],"wp:attachment":[{"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/media?parent=1316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/categories?post=1316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/securenow.in\/insuropedia\/wp-json\/wp\/v2\/tags?post=1316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}