Marine Cargo Insurance
We provide war, all risk cargo insurance with very competitive first class world wide insurance coverage. We will understand your sensitivity and risk with your cargo and will provide the adequate insurance at the lowest cost to protect YOUR interest while the shipment is in transit from door to door.
We will issue the policy according to the requirement of your Letter of Credit and to the requirements of your contract.
We will issue the policy according to the requirement of your Letter of Credit and to the requirements of your contract.
Single Shipment and Open Cover Insurance
Single Voyage Policy is the most common marine cargo insurance coverage. It provides protection your particular shipment from departure until it reaches the final destination. This policy is especially suitable for ocean containers.
Open Cover is for multiple shipments or projects on a larger scale. Coverage is provided for specific time period and commodity. Marine insurance terms are agreed in advance for specific voyages, cargo value, commodity, and rates. Open cover marine cargo is for businesses with frequent shipments and the cargo is covered as long it follows the terms of the agreements.
Open Cover is for multiple shipments or projects on a larger scale. Coverage is provided for specific time period and commodity. Marine insurance terms are agreed in advance for specific voyages, cargo value, commodity, and rates. Open cover marine cargo is for businesses with frequent shipments and the cargo is covered as long it follows the terms of the agreements.
Marine Cargo Insurance Coverages
All Risk Insurance Coverage - This policy covers against damage and theft risks to all cargo. All Risk insurance is the broadest coverage available on the market and has a very small deductible. Deductibles vary based on cargo value, age, commodity group, type of freight and category, etc.
Total Loss Insurance covers entire shipment against total loss. This is typically for for low value shipments or commodities. Total loss marine cargo insurance protect for collision, fire, natural disasters, vessel sinking etc. Total loss ocean coverage, insures all goods and usually no deductible is required.
Standard Marine Cargo Insurance also known as Basic Risk Coverage insures freight damage/loss to cargo while in transportation. This insurance provides protection for total or partial loss depending on customer requirements.
Total Loss Insurance covers entire shipment against total loss. This is typically for for low value shipments or commodities. Total loss marine cargo insurance protect for collision, fire, natural disasters, vessel sinking etc. Total loss ocean coverage, insures all goods and usually no deductible is required.
Standard Marine Cargo Insurance also known as Basic Risk Coverage insures freight damage/loss to cargo while in transportation. This insurance provides protection for total or partial loss depending on customer requirements.
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