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Marine Cargo, Hull, Liability and Goods-in-Transit cover from NAICOM-licensed insurers — Marine Insurance Certificate (MIC) on the insurer's letterhead, valid for your Form M / L/C, in 60 minutes.

MIC in 60 minutes — on the insurer's letterhead, Form M-ready

NAICOM-compliant — meets NIIRA 2025 Form M requirements

Worldwide voyages — sea, air, road or multimodal

Typical cargo premium 0.185% of declared CIF value · ICC (A) all-risks · sea freight

5+ insurers compared instantly

NIIRA 2025 fully compliant

Quoting as Fasasi Kaseem +234 818 835 0000 · [email protected]

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Step 1

What type of marine cover do you need?

Each sub-product has its own underwriting requirements. Marine Cargo is the most common — it's what your Form M and L/C require for every imported shipment.

Marine sub-product Marine Cargo Most popular Per-shipment cover for imports & exports Required for every Form M, L/C and NXP. Issued same-day. Best for: Importers, exporters, trading companies Marine Hull Annual cover for vessels Pleasure craft, fishing vessels, commercial barges. Surveyor required for hulls > ₦50M. Best for: Vessel owners, charter operators Marine Liability (P&I) Third-party & protection cover For charterers, freight forwarders, port operators. Annual policy. Best for: Charterers, forwarders, port operators Goods-in-Transit (GIT) Inland haulage cover Cover for goods moving by road or rail within Nigeria. Best for: Hauliers, logistics & distribution

Step 2

Tell us about the cargo & voyage.

Origin, destination, what's being shipped and its value. We use this to match you to insurers who specialise in your trade lane.

Cargo type

Transport mode

Sea freight Air freight Road Multimodal

Brief cargo description

Declared CIF value (₦)

₦

Cost + Insurance + Freight, the value declared on your invoice.

Origin port / location

Destination port / location

Vessel / flight name (optional)

Add it later if not yet known — certificate can be endorsed.

Sailing / departure date

Step 3

Pick your Institute Cargo Clauses tier.

The three industry-standard cover levels. Most Nigerian importers go with ICC (A) — it's all-risks, Form M-acceptable, and the de-facto standard for L/C documentation.

Cover tier ICC (A) Most comprehensive · Form M-acceptable All-risks cover Est. premium ₦— 18.5000% of CIF

All physical loss or damage to the cargo, with named exclusions
War & strikes cover available as add-on
Acceptable to most letter-of-credit (L/C) terms
Standard for high-value & sensitive cargo

Best for: High-value goods, electronics, pharma, anything you wouldn't want to self-insure. Excludes wilful misconduct, inherent vice, insufficient packing, delay. ICC (B) Mid-tier cover Named perils — intermediate Est. premium ₦— 12.0000% of CIF

Fire or explosion, vessel stranded / grounded / sunk / capsized
Overturning or derailment of land conveyance
Collision of vessel/conveyance with any external object
Discharge of cargo at a port of distress

Best for: Lower-value bulk cargo where ICC (A) seems excessive. Does not cover theft, non-delivery, water-damage from other than listed perils. ICC (C) Budget cover Named perils — minimum Est. premium ₦— 8.5000% of CIF

Fire or explosion
Vessel stranded / grounded / sunk / capsized
Overturning or derailment of land conveyance
Collision — vessel with external object only

Best for: Bulk commodity where the cost of cover matters more than scope of cover. No theft, no non-delivery, no water-damage cover. Minimum legal cover.

Optional add-ons

War & strikes cover Recommended for routes through high-risk waters (Gulf of Aden, Red Sea, Black Sea). Adds ~0.05% of CIF. Warehouse-to-warehouse extension Cover continues for 60 days after port discharge while goods sit in your warehouse.

Step 4

Importer & documentation details.

So your Marine Insurance Certificate is issued with the right reference numbers from the start — no re-issue, no reprint, no delay.

Importer of record (company name)

RC number

Form M number (if available)

If pending, you can add it once approved — certificate is re-issued at no cost.

L/C reference (if available)

What we'll issue: a NAICOM-compliant Marine Insurance Certificate (MIC) on the insurer's letterhead, with your importer name, RC number, Form M / L/C reference, and the full cargo + voyage details — ready to attach to your bank package.

I confirm the information provided is accurate, the cargo declared is lawful, and I consent to InsureOnGo and the selected insurer processing my data for this quote in line with the Privacy Policy, the Terms of Use, and the Nigeria Data Protection Act 2023.

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Your trade data is encrypted, NDPA 2023 protected, and shared only with the insurer issuing your certificate.

Form M-ready

MIC in 60 minutes

Marine Insurance Certificate issued on the insurer's letterhead, with your Form M / L/C references, importer details, and cargo description — everything your bank package needs.

NAICOM-licensed Nigerian insurer (NIIRA 2025 compliant)
L/C-acceptable wording for international banks
Cover note at sailing, full certificate within 60 minutes
Worldwide voyages covered, with war & strikes add-on available

Shipment sailing tonight?

For urgent cover or non-standard cargo (hazardous, oversize, project cargo), message Wura on WhatsApp — we can route you to a specialist marine underwriter within minutes.

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Frequently asked

Is marine insurance compulsory in Nigeria?

For imports financed via a Letter of Credit or processed under Form M, yes — Nigerian banks require a Marine Insurance Certificate from a NAICOM-licensed insurer. Cash-and-carry shipments are technically optional but commercially unwise.

When does cover start?

Marine Cargo cover attaches the moment goods leave the seller's warehouse / point of origin (warehouse-to-warehouse clause), and ends 60 days after discharge at the named destination, or earlier delivery, whichever happens first.

What documents do I need for a claim?

Survey report from a licensed marine surveyor, the original Marine Insurance Certificate, commercial invoice, packing list, Bill of Lading or air-waybill, and any port damage/short-landing report. We coordinate the surveyor on your behalf for most claims.

Can I cover multiple shipments under one policy?

Yes — an Open Cover (also called an Open Marine Policy) covers all shipments in a calendar year up to an agreed limit. It's ideal for businesses with 12+ shipments per year. Ask us about it on WhatsApp.

Do you cover war & strikes risks?

Yes — available as an add-on, recommended for routes through the Gulf of Aden, Red Sea, Black Sea or the Strait of Hormuz. Rate is typically 0.05% of CIF on top of the base premium.