Marine Insurance

During any voyage cargo is subject to specific perils depending on the type of conveyance such as jettison and washing overboard, collision, etc. for an ocean voyage, or derailment, overturning by road/railway transport, or theft of goods, falling of the aircraft by air. Cargo insurance protects exporters/importers, manufacturers and other parties, which may have insurable interest over any assets whilst in transit, against such perils. Our cargo policies are written on an open cover basis and include all cargo being transported as described in the policy within a period of one year.

Such a programme allows freight-forwarders to provide additional service to their clients by offering them the flexibility to purchase cargo cover at the point of arranging their transport. Any policy under a freight-forwarders programme is on an open cover basis and includes all cargo depending on the needs and requirements of the freight-forwarding company. Cover includes all typical for the cargo insurance industry risks but generous extensions may be given either upon our suggestion or as required by our client.

Carrier’s liability is also known as CMR* Insurance. The insurance covers the liability of the carrier for total loss, partial damage, delay of cargo transported under a contract for carriage. Such liability covers as a minimum the requirements under the Convention for the International Carriage of Goods by Road 1956. It can however be broader upon the request of the insured.