X
Hi
terms privacy policy
Verifying...
1

Have a requirement?
Get Best Price

Hi
terms privacy policy
Verifying...
1

Have a requirement?
Get Best Price

CARGO INSURANCE

Our range of services include Cargo Insurance, Ocean Cargo Insurance, Open Cover Cargo Insurance and Single Voyage Policy Cargo Insurance.

Cargo Insurance
Interested in this product?
Get Best Quote

Cargo Insurance

Get Latest Price

Cargo insurance is an insurance policy taken up to protect against loss of or damage to your goods while they are being transported.

The policy is meant to indemnify you if there is any loss or damage to your cargo. Cargo      insurance would cover the goods while they are being transported over sea, air and land       (includes parcel post and carryings by courier service).

Although the term "marine cargo insurance" is sometimes used, it actually includes cover for       the land transit commencing from the moment the goods leave the storage until they arrive       at the final warehouse.

View Complete Details

Yes, I am interested!

Ocean Cargo Insurance
Interested in this product?
Get Best Quote

Ocean Cargo Insurance

Get Latest Price

While physical damage on transit claims may not be a problem, importers and exporters should be aware that over 50 voyages a year encounters heavy weather where shipping containers are lost overboard.

Due to the international policy of all shippers with safe-landed cargo contributing to the loss      will require that the owner of the goods put up a cash security, post a bond or will be unable      to have the goods released from the carrier until a financial guarantee is given to respond for      the contribution.

With an open cargo policy, the insurance company will post the bond and ensure the speedy      release on owners' cargo.

View Complete Details

Yes, I am interested!

Open Cover Cargo Insurance
Interested in this product?
Get Best Quote
  • An open cover is not an insurance policy. It is actually an agreement between the insured and the insurance company to insure all the shipments which fall within the terms and conditions agreed by both parties.
  • These terms and conditions which are agreed in advance include details of voyages,      maximum value of cargoes carried in any one shipment, nature of cargo and packaging and      rates applicable. The insured would then have to declare his shipments to the insurer on an       individual or monthly basis.
  • As long as the details of the shipment come within the terms and conditions of the open      cover agreement, the shipment is automatically covered.
  • The insurer is also obliged to accept all declarations made by the insured under the open  policy if they come under the terms and conditions of the open cover.
  • The open cover is especially beneficial to those who ship goods frequently as it saves them    the need to apply for cargo insurance for each of their shipments.
  • There would also be no need to wait for these individual policies to be approved because, as  mentioned, all shipments are automatically approved if they come within the terms of the open cover and a declaration is made for the shipment.
  • If I buy on terms of sale where I am not responsible to insure the goods, how can I insure the goods?
  • If you are the buyer and are importing goods from overseas on terms of sales such as C.I.F. (Invoice Cost, Insurance plus Freight), where you are not required to insure the goods, you may still have a "contingent" exposure that you could cover if the seller placed coverage that was "limited" and not offering the broad terms available in the insurance marketplace in your country.

View Complete Details

Yes, I am interested!

Single Voyage Policy Cargo Insurance
Interested in this product?
Get Best Quote
  • his is the most popular form of cargo insurance cover. A voyage policy, as its name implies, offers coverage for a particular voyage for which is is taken up.
  • It offers coverage from the time the cargo leaves the seller, while it is in transit and until it reaches the buyer.
  • Often, the port of loading, transshipment and discharge are also required to be disclosed in the proposal form.

View Complete Details

Yes, I am interested!
Tell us what you need, and we’ll help you get quotes
Tell us what you
need
Receive seller
details
Seal the deal
Pay with IndiaMART
Tell us what you need, and we’ll help you get quotes
terms privacy policy