Specialist cover designed for you
Supply chains are globally interlinked, leading to an increased requirement for insurance against loss and/or damage to goods in transit, shipped using all modes of transport. It is vital that goods reach your customers undamaged and on time and this build trust and reliability with them.
Cargo Insurance
Possible damages and delays to your cargo can result in a loss to your business investments. Our cargo insurance provides you with the protection against business risks whilst your goods are in passage by sea, air, land or rail.
Insuring your shipment is a key step to protect your business against any possible financial loss and damages from perils such as storm, fire, collision and theft during its passage.
Parties who need cargo insurance:
• Importers/Exporters
• Logistic companies on behalf of their customers
• Freight forwarders on behalf of their customers
• Manufacturers
• Other Buyers and Sellers engaged in internal and/or local trade
Key benefits of Cargo Insurance:
• Covers loss or damage to goods whilst in transit by sea, air, land or rail
• Ease of sign up, anytime and anywhere
• Saves you time with online submission of shipment documents
• Secured online access to records of policy documents
Scope of coverage (subject to exclusions):
Institute Cargo Clause A (ICC A)
All risks coverage including
• Theft and Non-Delivery
• Rough handling
• Piracy
• Perils covered under ICC B & ICC C
Institute Cargo Clause B (ICC B)
• Washing overboard.
• Entry of sea, lake or river water into vessel, craft, hold, conveyance, container, lift van or place of storage
• Earthquake, Volcanic eruption or lightning
• Total loss of package lost overboard or dropped whilst loading on to or unloading from vessel or craft
• Perils covered under ICC C
Institute Cargo Clause C (ICC C)
• Fire or Explosion
• Vessel/craft being stranded, grounded, sunk or capsized
• Overturning or derailment of land conveyance
• Collision or contact of vessel, craft or conveyance with external object other than water
Local delivery by land
All risks coverage including
• Fire or Explosion
• Overturning or derailment of land conveyance
• Collision or contact of conveyance with any external object
Basic Coverage:
• The Cargo itself
• Increased value (applies to certain commodities where prices are volatile)
• Custom duties
The above is for general information only. It is not a contract of insurance. Please refer to the policy document for the precise terms and conditions of the insurance plan.Important Notice:
The above only serves as a general description of our products and services. For full product details and coverage, please contact us.