Sales Turnover Policy (STOP)

Marine cargo insurance linked to annual sales turnover (STOP)

Sales Turnover Policy (STOP) is a marine cargo insurance policy based on annual sales turnover, where all shipments (inland + import/export) are automatically covered without declaring each shipment.

It is the most convenient and advanced form of Marine Open Cover.

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Key features

  • Turnover-based coverage Sum insured is linked to annual sales turnover.
  • No shipment declaration required Unlike open cover, there is no need to declare each dispatch.
  • Automatic & continuous cover All movements are covered throughout the year.
  • Fixed premium rate Applied on declared turnover.

Scope of cover

Covers

  • Inland transit (within India)
  • Imports (international inward)
  • Exports (international outward)

Transit types

  • Warehouse to warehouse
  • Multimodal transport (road, rail, sea, air)

Risks covered

(As per inland transit / ICC A–B–C clauses.)

  • Fire, explosion
  • Theft / burglary
  • Accidental damage
  • Vehicle overturning
  • Natural calamities
  • Loading / unloading risks

Common exclusions

  • Improper packing
  • Delay in transit
  • Inherent vice
  • War risks (unless added)
  • Willful misconduct