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Cargo Insurance

Cargo Insurance

Cargo Insurance is very important for the movement of cargo via Sea, Air or Land  in international or domestic trade.

 

Why to insure

Buying Cargo Insurance covers the risk of loss or damage of your goods, giving you a peace of mind.

Under the Carrier of Goods by Sea Act, ocean carriers are responsible for the seaworthiness of the vessel, properly manning the vessel, and making the vessel safe for carriage of the cargo. They aren’t responsible for negligence of the master in navigating the vessel, fires, dangers, and accidents of the sea, acts of God, acts of war, seizures, strikes, riots, inherent defect, insufficiency of packing, quarantine restrictions and any other causes arising without the actual fault of the ocean carrier.

Under certain INCOTERMS (commonly used in international shipping & trade) your company may be responsible for purchasing transportation insurance. If you're importing merchandise from Europe based on FOB terms (Free On Board) it means that  the seller is responsible for the goods until they get loaded on board at the port of origin. If anything happens to the cargo during the overseas transit – the seller won't be responsible for it. Your company already paid for the merchandise which may never arrive. It would be wise for you, the importer to purchase transport insurance to cover the risks of loss or damage.

 

Cargo Insurance Expertise

As Cargo Insurance is a critical part of the international transportation process, we combine it with other logistics services to be our complete logistics process. Our mission is to help you identify the hidden risks in transportation, explain all concerned potential liability issues and give you options best suit your individual business demand.

Through our good ties with famous assurance companies, we can offer you very competitive rate with quality and reliable service.

 

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