Service Details
Marine Cargo Insurance provides protection against loss or damage to goods while being transported by sea. It covers perils such as heavy weather, collision, sinking, fire, and piracy. This insurance ensures that businesses involved in maritime trade are safeguarded against unforeseen events that could lead to significant financial losses.
It is especially beneficial for importers, exporters, and shipping companies, helping maintain operational stability and profitability even in the face of maritime risks.
Frequently Asked Question
A: It covers loss or damage to cargo during sea transportation due to perils like storms, sinking, collision, fire, or acts of piracy.
A: TImporters, exporters, freight forwarders, and shipping companies should obtain this coverage to protect goods transported across international and domestic waters.
A: Depending on the policy type (such as warehouse-to-warehouse coverage), it may include protection during inland transit at both the origin and destination.
Service Included
- Cargo Loss & Damage Protection
- General Average & Salvage Charges
- Theft & Piracy Coverage
- Optional Extensions