Ocean Cargo Insurance
Ocean cargo insurance is a specialty type of insurance we provide. Goods in transit need to be insured from an inland point of origin to a final inland destination and all points along the way. Most of the time, this is accomplished with one policy so there is no question as to which policy is in force at any given time. The coverage can be provided on an individual basis as each shipment is made or under a Marine Open Cargo policy. Insurance can be purchased by the buyer, seller, consignee or freight forwarder. Transit insurance is from warehouse to warehouse, or as required by the terms of sale, or by a specific country’s insurance requirements.
Ocean cargo insurance coverage can be extended for domestic and overseas inland transit, warehouse storage, exhibition and installations. We also provide shippers’ interest and legal liability coverage for freight forwarders, logistics providers and Non-Vessel Operating Common Carriers (NVOCC). Companion War policies are offered. Strikes, riots and civil commotions, as well as Terrorism Risk Insurance Act (TRIA) coverages, are also available.
