This insurance covers the risk of Import & Export during the transport from one country to another country. There are four type of warranties can be applied on the requirement of client/Bank. A clause means covering All Risks, BND clause means B NON Delivery, TLO, means Total loss due to the total loss of the carrying vessel for BY SEA. If the shipment is BY AIR, then only “A” clause usually applied. Warehouse to Warehouse can also be provided on the request of client. No L/C can be open without Marine Insurance for importers.