from A to B, over land and sea
Whether your cargo shipments are large or small, we can cover them all with our flexible policies.
Dont be fooled: Marine Insurance doesn’t just provide cover for sea shipments: it extends to road, rail and air cargo transportation too!
Starting from point of origin and finishing at final destination, a Marine policy can provide:
Cover for loss of or damage for ships, terminals, cargo and any associated transport/cargo by which property is transferred, acquired or held
Specialist sub-covers for Marine Cargo, Marine Hull, Marine Casualty and Marine Liability
Bespoke cover for Onshore and Offshore exposed property (containers, terminal, ports, oil platforms, pipelines) as well as drilling insurance: subject to specialist underwriting
Marine Cargo Insurance can be arranged flexibly to suit your specific business requirements: allowing you to only pay for what you need.
Cover generally takes the form of two bases with set criteria:
Open Cover Declaration basis which insures shipments during a specified period: each shipment must be declared to the Insurer at the time it is arranged for automatic cover to then be granted (terms and conditions of the underlying policy must be met).
Individual Shipment basis: ideal for those who only send shipments infrequently/occasionally. Each shipment must be declared prior to departure from the point of origin. Premiums charged on this basis are generally at a slightly higher rate than the Open Cover basis.
Cargo shipments are usually conducted under INCO Terms as issued by the ICC (International Chamber of Commerce). Risk Ownership is clearly defined in such documentation and is used for the establishment and duration of the insurance. Inland transportation can also be arranged subject to discussion with our Underwriters.
Marine Cargo Proposal Form