Special Declaration Policy

This Policy is introduced by the All India Marine Cargo Tariff. It can be issued to the insured having minimum annual estimated despatches i.e., annual turnover of at least Rs. 2 Crores for the individual Company concerned. There is prohibition on issue of this Policy to transport operator/contractors, clearing, forwarding and commission Agents or freight forwarders either in their own name or jointly with the owners of the goods, except on goods owned by them. The Policy is not assignable or transferable, and shall be issued for a period of 12 months. Marine Tariff and SDP Policy is no longer in use.

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