Marine Insurance

Stock Throughput

Coverage turns on a phrase, “in due course of transit.” That is, under the standard marine policy, once goods come under the control of the insured for allocation, redistribution, processing, etc. the normal transit policy would cease to operate and further transit will be treated, as a fresh transit. Risks during storage at such intermediate points are considered as a separate non-marine risk. The Stock Throughput policy has been developed to provide a "one stop shopping" for clients with multiple storage and processing locationsone policy covers all transportable assets involved in a manufacturing chain. A Stock Throughput policy is highly variable and has to be tailor-made to suit each particular client's specific coverage needs.