Goods in Transit
Marine or Goods in transit insurance are issued as separate policies, this covers the risk of loss, destruction or damage to the goods in transit by sea, air or land.
Cover begins from the time the goods leave the warehouse or place of storage named in the policy and continues during the ordinary course of transit and terminates either:-
1. on delivery to the consignee or final storage at the destination named in the policy, or
2. on the expiry of sixty days after discharge of the goods from the vessel at the final destination.