Category Archives: Marine Insurance

do i need cargo insurance

Do I need cargo insurance for my shipment..??

Cargo insurance is a type of insurance that protects a buyer or seller of goods against damages or loss of cargo..

Despite insurance having been around for centuries, there is still a feeling that any form of insurance is a “grudge purchase” and in the case of cargo shipments, many people ask the question “Do I need cargo insurance for my shipment“..??

By its nature, insurance is an intangible benefit, one that can only be tested under adverse circumstances and there is nothing more adverse than cargo damage..

From a

• Local (Street to Street, City to City, Town to Town etc)
• Provincial (Within the same province or state etc)
• National (Province to Province, State to State etc)
• Global (International trade between countries)
• Regional (Within regional trade blocs like EU, BRICS etc)

there are several modes and types of trade/shipments around the world..

Where there is a shipment, there is a possibility of cargo damage and where there is the possibility of cargo damage………………….

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containers lost at sea

Containers lost at sea..!!!! Why it happens and what to do when it happens..

As part of global trade, in 2016, approximately 130 million containers packed with cargo with an estimated value of more than $4 trillion were shipped around the world..

As per the University College London’s Energy Institute and data visualisation firm Kiln more than 50,000 merchant ships travel high seas, moving goods and commodities all over the place..

With so many containers on the move in many different routes, there are bound to be some containers lost at sea..

We examine the causes, what may prevent it and what to do when your container actually is lost at sea..

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pack your container properly

Will you please pack your container properly..!!

Will you please pack your container properly..!!

I can hear this cry loud and clear from many Insurance companies, P&I Clubs, Transporters, Importers and Shipping Lines and all within good reason too..

There are innumerable cases of damage to cargo, containers, personnel, lifting equipment and ships due to improper packing of cargo into containers..

Cargo damage can take many forms such as Physical, Wet, Contamination, Temperature related etc..

As per UK P&I Club, 25% of the cargo claims that they receive is due to physical damage.. Read on to understand more..

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Image for Cargo Insurance

All you need to know about Cargo Insurance

Although it may seem obvious, it is shocking to mention the least how many customers still do not take the right Cargo Insurance cover to insure their cargo comprehensively..

I don’t think anyone will intentionally not cover their cargo properly and can only assume that it is due to ignorance or lack of knowledge..

This post aims to educate everyone on what is Cargo Insurance and what steps are involved..

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