Marine transportation Is exposed to higher risks compared to other modes of transport such as road, rail, and air. The perils encountered by the ship are wide and, range from weather, natural hazards, explosion, and pirate attacks. It is essential for all the parties associated with a particular ship (the shipowner, the cargo owners, the … Read more
There are many types of cargo Insurance that are tailored to specific needs of the shipper and the risks involved. Cargo insurance is broadly classified into land, marine and air cargo insurance , according to the mode of transport used. Land cargo insurance This insures cargo that is moved by land transportation, which includes trucks, train and small utility vehicles. It covers … Read more
Is marine and cargo insurance the same? Marine insurance is another variant of the general term ‘insurance’ and, is designed to manage risks in the event of unfortunate incidents like accidents, damage to the maritime property such as ships, crew, cargo, terminal ports, offshore installations and floating equipment and loss of life. Marine insurance can … Read more
A Cargo insurance certificate is a Important document in export-import transactions. Insurance covers any type of damage or loss, when goods are in the main carriage due to unforeseen events. destined from origin port to entry port. It gives the coverage for waterways, roadways and air shipment. Cargo insurance gives you the certainity that, if … Read more
