Stock Throughput Policy

Marine

Stock Throughput Policy

Stock throughput (STP) policies are designed for companies that import, distribute, or export merchandise. The policy provides cover for all movable goods (inventory) that are the subject of the insured’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 manufacturing process is excluded), or in storage at owned or third-party premises.


What is a Stock Throughput Policy?

An STP is a marine policy that insures a company’s inventory and the flow of goods from the source of production to its final destination, whether at a place of storage or a retail store. An STP policy has three components;

• Ocean Cargo Insurance

• Inland Transit

• Property / Storage (Maximum up to 180 days)


STP policies integrate transportation, inventory storage, material handling, and packaging as they are designed to cover the repositioning of:

• raw materials

• works in progress

• finished goods


The premium is based on the Estimated Annual Turnover and is adjustable at the end of the policy period based on actuals.

Not Sure What You Need?

Not Sure What You Need?

Contact Us

Call Us Today:
+94 11 75 89 600

Get A Free Quote

Let us know you requirement

  • Head Office Address

    3rd Floor, No. 131, W A D Ramanayake Mawatha, Colombo 02

  • Call For Information

    +94 117589600

  • Mail Us For Information

    graeme.labrooy@iirm.lk

Let us know your requirement