Cargo Insurance

Coverage of goods in transit - during land transportation as well as transport by sea or air. Insured must have an insurable interest in the goods at the time of loss. The insurable interest or obligation to take out insurance is usually determined by a term of delivery, such as Incoterms.

1. What we cover?

Loss of damage to cargo during transit
transport expenses and overhead charges
expected profit from sale of goods at place of destination
financial losses attributed to delay in start-up (for project cargo insurance) caused by loss or non-delivery of insured cargo

2. Coverage scope

Chartis’ Open Cover Insurance Policy covers shipments by any conveyance (by sea, by air, by truck, by rail). Coverage is worldwide, including shipments inside Russia and intra-urban sendings. However, shipments to, from or within countries under UN and/or US sanctions, and to, from or within Chechen Republic are excluded. Open Cover Insurance Policy can provide cover for the whole period of transportation "from warehouse to warehouse" including overloading, transshipments and intermediate storage.