Because every shipment
carries more than just cargo
It carries trust
What is Marine Cargo Insurance?
This insurance protects your cargo from the moment it leaves your warehouse to the moment it reaches its destination. Whether you're importing machinery, exporting textiles, or sending essential supplies, we’ve got your back, every nautical mile of the way.
Why Do You Need It?
Protection Against Loss or Damage
Goods in transit are exposed to various risks: storms, accidents, theft, fire, or even mishandling. Marine cargo insurance covers financial losses in case your cargo is lost or damaged during shipment.
Legal and Contractual Requirements
Sometimes, the buyer or the seller is contractually required (Incoterms like CIF or CIP) to provide insurance. Carriers' liability is limited, so having your own insurance ensures broader protection.
Peace of Mind for Businesses
Businesses can ship goods without constantly worrying about potential disasters. It provides a safety net, so companies can focus on operations rather than uncertainties.
Natural Disasters and Piracy
Risks like cyclones, tsunamis, and piracy are unpredictable but real. Marine cargo insurance helps recover losses due to such events.
Global Trade Confidence
International trade involves multiple touchpoints—each increasing risk. Marine cargo insurance builds trust among trading partners, making international business smoother.
Covers Gaps Not Handled by Carrier Liability
Shipping lines, freight forwarders, and transporters have limited liability. Insurance ensures full compensation beyond what the carrier may cover.
- Damage due to Storms, rough seas, and natural disasters.
- Fire, explosion, or accidents during transit.
- Handling damages. (loading/unloading)
- Import & export shipments.
- Inland transit.
- Multi-modal transportation.
- Theft or pilferage.
Who Is It For?
- Exporters & Importers
- Manufacturers & Traders
- Logistics Companies
- E-commerce Businesses
- Anyone sending valuable goods across distances