Is the carrier not already responsible?

Carrier liability is generally capped by international convention and is often far below the value of the goods. Cargo insurance responds to the insured value, subject to policy terms.

Who should arrange the cover, buyer or seller?

It depends on the Incoterms in the contract, which determine when risk transfers. We review the terms so that the party bearing the risk is the party insured.

Transaction Protection

Cargo & Marine Insurance

Protection against covered physical loss or damage to goods while they move by sea, air, road, rail or multimodal transport.

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What it covers

Physical loss or damage in transit, subject to the clauses selected
Sea, air, road, rail and multimodal movements, including transhipment
Single-shipment, project cargo or annual open-cover arrangements
General average and salvage contributions where applicable
Extensions such as war and strikes cover where available and agreed

Commonly excluded

Insufficient or unsuitable packing and preparation
Inherent vice, ordinary wear, leakage or loss in weight
Delay and consequential financial loss
Losses excluded by the selected institute clauses or policy wording

Eligibility

Commodity, value, packing and route acceptable to underwriters
Clear allocation of risk under the Incoterms used
Declaration of shipments as required by the policy

How a claim works

01Note damage on delivery documents and notify the carrier immediately
02Report the loss to insurers promptly and arrange survey where required
03Preserve the goods and packaging pending inspection
04Submit invoice, transport documents, survey report and claim statement

Who it is for

Buyers and sellers of equipment and goods
Manufacturers, exporters, importers and distributors
Project owners moving heavy or high-value equipment

Key benefits

Cover follows the goods from factory to final destination when arranged accordingly
Protects the party carrying the risk under the agreed Incoterms
Carrier liability is usually limited by weight — insurance addresses the real value
Supports letters of credit and contractual insurance requirements

Documents to prepare

Commercial invoice and packing list
Bill of lading, airway bill or transport document
Route, mode and transhipment details
Packing specification for heavy or sensitive cargo
Loss history for open-cover arrangements

Request a quote

Describe the transaction or exposure. We will confirm the information underwriters need and approach suitable providers through licensed partners.

Start a quote request

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FAQ