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Cargo Insurance - Protecting Your Investment

This is Why Cargo Insurance Matters:

Total Protection:

Ensure comprehensive protection against damages and losses during international freight transit with cargo insurance.

Responsibility Beyond Shipper:

In FOB transactions, the shipper's responsibility ends once goods are on board. Beyond this, the importer bears the risk, making cargo insurance indispensable.

Carrier Limitations:

Carriers limit liability, and compensation for losses beyond their control is not guaranteed. Cargo insurance steps in to cover unforeseen circumstances.

How to Secure Cargo Insurance?

Through Freight Forwarder or Broker:

Easily place cargo insurance through your freight forwarder or customs broker for both inbound and outbound cargo. We only recommend insurance to supplier and buyer, upon requirement

Supplier Insurance Option:

Suppliers can also insure cargo based on transaction terms like C&F and CIF, providing peace of mind for unforeseen circumstances.

Determining Premium:

Cargo insurance premium is based on the invoice value of the shipment plus freight charges. Providing this information, along with shipping details and nature of goods, helps determine the insured value.

Understanding cargo insurance is crucial for making informed decisions and ensuring your international shipments are protected. Don't overlook this essential aspect of international trade; instead, make it an integral part of your logistics strategy.

Get a quote now.

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