FAQs

Marine Insurance FAQ

Cargo, hull, and liability cover explained.

Marine cargo insurance protects goods in transit by sea, air, road, or rail — from departure to delivery. It covers loss, damage, or theft during transit, including international imports/exports and inland freight.

  • Importers and exporters
  • Wholesalers, distributors
  • Freight forwarders
  • E-commerce retailers importing goods
  • Manufacturers sourcing parts from abroad
  • Physical loss/damage to goods
  • Theft or piracy during sea shipment
  • Fire, sinking, overturning, collisions
  • Storage delays or offloading errors
  • Optional extensions for war, strikes, political unrest
  • Assuming the freight company is liable
  • Not covering goods in temporary warehousing
  • Relying on CIF/CFR trade terms without confirming limits

Usually 0.1%–0.5% of shipment value or as an annual policy for regular trade.

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