Single Shipment Marine Cargo & Transit Insurance
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We provide same day quotes for most shipments, just Complete your details below, Call us on 01384 442 165 (Mon-Fri, 9am-5pm) or Email: firstname.lastname@example.org
Single Shipment Marine Transit Insurance
For over 20 years we have been arranging Single Shipment Marine Cargo & Transit insurance and can provide cover for a wide variety of goods being transported by Sea, Air, Road and/or Rail.
If you are looking to import or export a single container, or multiple containers, our experienced team are here to help.
To provide you quotes, we would just need details of the following:
– Nature of Goods
– Value of Goods
– The Regions Goods are Going To and From
– Previous Claims/Loss History
If you would like a no-commitment quote to insure your goods, simply complete our quote enquiry form below:
If you are Importing or Exporting commercial goods and you’re not sure whether a single shipment or annual policy best suits your requirements, we will gladly provide quotes for both options.
Our frequently asked questions below may also assist you in deciding what cover you need.
My Goods Are Going By Sea and Road – Is Marine Cargo / Transit Insurance Suitable?
Yes, your goods don’t need to be transported by Sea for a marine cargo / transit insurance policy to be suitable! The presence of the word ‘marine’ doesn’t restrict the means of transport. In many instances goods will start their journey by Road or Rail, before being loaded aboard a vessel or plane for the Sea or Air transit, with the final movement to the destination being by Road or Rail. So marine cargo cover will insure the entire movement irrespective of the means of transport and a number of different means.
Why Would I Need to Arrange Marine Cargo / Transit Insurance?
Many people think that a carriers insurance will cover goods, however that’s certainly not always the case! Given the complexities surrounding terms and conditions of carriage, many companies choose to arrange their own marine cargo insurance cover.
By having your own policy, if a claim is covered then it will be paid and your insurers will recover what they can from the hauliers and/or freight forwarders involved. You have the benefit of direct communications with your insurers, clarity in terms of the scope of cover afforded and will not have to wait for a claim to be subrogated to be indemnified.
If The Seller Arranges Insurance, Why Would I Need Separate Cover?
If the terms of sale are CIF Incoterms (Cost Insurance Freight), the seller has an obligation under the Incoterm to provide insurance and charge for it in the overall sale. What you need to be mindful of is that under CIF Incoterms® 2010 rules, it is acceptable for the seller to provide minimum cover (Institute cargo clause C cover) to satisfy its contractual obligation for insurance! If you are purchasing goods on a CIF basis, you would be well advised to check the insurance you are being offered and request Institute Cargo Clause A cover, if there are no valid reasons why such cover can’t be provided. N.B. Even where companies arrange their own marine cargo / transit insurances, their policy may stipulate that all sellers must provide Institute cargo clause A cover.
If looking to rely on a Sellers insurance, it would also be prudent to consider:
– What scope of cover are they providing?
– Where are the insurers based?
– Are the insurers regulated?
– Are they sustainable?
– Would you be able to communicate in a common language in the event of a claim? Given the complexities surrounding, many companies choose to arrange their own marine cargo insurance cover Ordinarily, Marine Policies in the UK are written on A Clause, by insurers who are A rated and regulated, with claims settled in the UK and the policies include General Average cover.
What is General Average and How Could it Affect Me?
General Average is a historic principle which dates back to times when marine cargo insurance related to goods been carried by Sea. In heavy seas cargo may shift or the sheer weight of the total cargo carried could put a ship in danger of sinking. In such instances a decision may be made to jettison some of the cargo to protect the ship, its crew and the remaining cargo. The principle of General Average was devised so as to recognise and compensate the merchants whose goods were sacrificed for the benefit of the rest. Under General Average, each of the merchants whose goods are saved, compensate the owner of the lost goods in proportion to the value of their own goods at risk.
This principle of General Average remains in force to this day, therefore if a ship has to jettison some cargo so that the voyage can be completed, then all the goods that have safely arrived have to pay a proportion of the goods jettisoned, plus the damage to the ship, plus costs based on the value of your goods (you also have to pay a bond for the goods before they are released at the port).
For more tips and advice, visit our Frequently Asked Questions section now, or if you would like a no-commitment quote to cover your imports, exports and/or domestic transits, simply complete our quote enquiry form below:
If you’re not sure what your requirements are, we will gladly discuss with you to ensure that your financial interests are best protected. Please Call us on 01384 442 165 (Mon-Fri, 9am-5pm), or Email: email@example.com. We can provide same day quotes for most shipments.