STP - Stock Throughput Insurance - MNK Re Limited | Lloyd's of London Reinsurance Broker

MNK Re Limited
Insurance and Reinsurance Brokers
3 Lloyd's Avenue, London EC3N 3DS
Call: +44 203 036 0924 / 0925
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STP - Stock Throughput Insurance


A stock throughput policy provides cover for all moveable goods that are the subject of the client’s trade including raw materials, semi-finished and finished products. The goods are covered at all times whether in transit, undergoing process (although damage caused by the process is excluded) or in store at own or third party premises. A stock throughput policy provides seamless cover avoiding potential gaps and disputes that might arise if the cover were to be placed under a combination of marine and non-marine policies. Furthermore, administration is easy with premium based upon a single percentage rate applied to the client’s turnover.

Basic Coverage

Raw materials, Work in Progress & Finished Goods in transit on anywhere in World to in anywhere in World basis.

All Locations are covered such as your Factory (ies)/ Job Workers/ Sub-Contractors/ Processing Unit/s/Warehouses (3rd Party taken on lease or on rent) when cargoes are not in ordinary course of transit within the meaning of Cargo Insurance.

In case you need a quote or a proposal form, please write to us:

Additional Coverage

FOB Extension

Duty Insurance

Sellers` Interest Coverage

Buyers` Interest Clause

Buyers` Interest Coverage

Key Exclusions

The general exclusions are given below:

Wilful misconduct of assured

Ordinary leakage, loss in weight or volume, ordinary wear and tear

Insufficient packing

Goods at retail premises.

Policy deductible.

Inherent Vice/inevitable/ordinary loss

Loss caused by delay, even if delay be caused by an insured peril

Nuclear or radioactive weapons

Any property other than the subject matter insured.

Processing risk.

Consequential Loss.

SRCC (Strikes, Riots & Civil Commotions including Act of Terrorism)

War and allied perils.

Absence, shortage or withholding of labour resulting from strike, lock out, labour disturbances, riot or civil commotions.

Insolvency or financial default of owners, managers, charters or operators of the vessel

Unseaworthiness of vessels or craft or unfitness of vessel, craft, conveyance, container of lift van, where you or their servants are privy at the time of loading.

Unexplained or mysterious disappearance or stock taking losses.

Please note that the above is only a framework of cover. Actual cover may be different and will depend upon the risk factors and the reisk perception of the reinsurers on a case to case basis.

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