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Cargo insurance

Cargo insurance

During transportation any cargo is exposed to specific risks. The insurance of the cargo with Cargo Insurance is an integral part of cargo transportation. This type of insurance offers different covers unified as per the internationally adopted Institute Cargo Clauses. The Cargo Insurance provides protection to the cargo and protects the insured interest on it of importers/exporters, producers or other parties that might have insurable interest.

The expenses upon loss or damage of the cargo during transportation are covered. With the Cargo Insurance you can have full cover, a limited cover or a minimal cover depending on the clauses you have selected in your insurance policy.

There are two types of policies under the Cargo Insurance - Single and Subscription policy. The single policy is for a single transportation and the subscription policy is used in the cases of regular or seasonal transportation for one calendar year. Upon concluding a subscription policy for Cargo Insurance the insurance companies offer special conditions. 

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