.MARINE INSURANCE IN TANZANIA.

.Marine Insurance is a type of insurance that covers cargo losses or damage caused to ships, cargo vessels, terminals, and any transport in which goods are transferred or acquired between different points of origin and their final destination. Providing protection against transport-related losses, this voyage policy provides a haven for shipping companies and couriers because it protects them from costly potential losses while transporting goods by water.

Marine Insurance in Tanzania

Importers and Exporters needs Marine Insurance

This cover attaches from the time the goods leave at the port of loading, continues during the ordinary course of transit, and terminates upon delivery at the final destination, or on expiry 6 days after discharge from the carrying vessel.

Tanzania Insurance Regulatory Authority (TIRA) in collaboration with Insurance Institute of Tanzania (IIT), on 1st January 2018, has launched a digital platform portal that will help Tanzania importers to buy insurance policies to local insurance companies for all imported goods in the country as required by the amendment of article No. 133 of the Insurance Act of 2009.

With effect from 1st January 2018, all imports into Tanzania whether by road, rail, sea or air must be insured by Tanzanian registered companies.

TRA purpose

Tanzania Revenue Authority (TRA) will require proof of purchase of Tanzanian marine insurance prior to issuance of import clearance.

Information required:

* Declaration of the Total Annual Value of Goods.

* Limit of any one consignment.

* What type of commodity?

* Is it containerized or Non-Containerized? 

To get Quote click HERE and follow instruction in BROKER select EL Insurance Agency.

Let us help you when you need Marine Insurance, Its Our Covenant to Cover Your Risk.