Marine Cargo Insurance

International trade represents one of the largest and fastest growing industries in the world today, which makes Marine Cargo Insurance one of the most exciting areas in the insurance industry. Many people, however, are not aware of the benefits of participating in the marine insurance industry, and consequently the marine risk is often overlooked.

Under every international sale of goods contract either the seller or the buyer will bear the risk of loss or damage to cargo. For any party that needs protections against such risks, it is prudent to arrange adequate cargo insurance for the goods in accordance with the agreed Incoterms, the most widely used shipment terms.

Exposure can happen at any point in the supply chain, for any type of transport and on any route. Goods are at risk perils such as:

Fire

Explosion

Armed robbery

Storm, flood and other weather hazards

Washing overboard in heavy sea

Leakage

General Average Claims (seafreight)

Our Marine Cargo Insurance solution compensates you up to the full insured value of the goods – regardless of cause or fault by the carrier. With cover provided by market-leading insurance companies, you get door-to-door safeguards from loading to unloading.