Marine Cargo Insurance
Certainty for your supply chain in an uncertain world.
GLOBAL CAPABILITY GUIDE
Discover the expertise and worldwide network that secures your shipments from port to port.
Marine Cargo Insurance
Certainty for your supply chain in an uncertain world.
GLOBAL CAPABILITY GUIDE
Discover the expertise and worldwide network that secures your shipments from port to port.
“Navigating international waters means navigating a sea of complex regulations and liability.”
Global supply chains are fraught with risks—from severe weather and cargo damage to theft and port delays. The financial impact of a loss goes far beyond the value of the goods, jeopardizing customer contracts, your reputation, and your bottom line. Our Marine Cargo Insurance is designed as a strategic buffer, protecting your business from the severe financial consequences of these disruptions and ensuring your operations remain resilient.
CARGO INSURANCE
Comprehensive Marine Cargo Insurance
Protection for the Entire Journey
Coverage extends from the moment goods leave the warehouse until final delivery, anywhere in the world.
All-Risk Coverage
Broad protection against physical loss or damage from maritime perils, including storms, collisions, theft, and jettison.
Flexible Policy Arrangements
Policies can be tailored to single shipments, annual contracts for frequent shippers, or specific trade routes.
Expertise in All Sectors
We provide specialized solutions for a wide range of industries, including electronics, textiles, perishables, and heavy machinery.
FAQ
Carriers' liability is governed by international conventions (like the Hague-Visby Rules) and is strictly limited. Their liability is often calculated per package or per kilogram, which is usually a fraction of your goods' actual value. It also excludes many common risks. Our insurance fills these gaps, ensuring you are fully compensated for the true value of your cargo and a wider range of perils.
"All-Risk" is the broadest form of coverage, protecting against all physical loss or damage to your goods during transit unless specifically excluded. This includes:
Maritime Perils
- Sinking, collision, grounding of the vessel.
Accidents
- Dropping, crushing, handling damage during loading/unloading in port.
Theft & Piracy
- A key concern on major trade lanes.
Natural Disasters
- Typhoons (highly relevant to Hong Kong and the South China Sea), earthquakes, and flooding.
Jettison
- Goods being thrown overboard to save the vessel.
Common exclusions include delay, inherent vice (e.g., fruit rotting), improper packaging, and wilful misconduct.
The premium is not a flat fee. It is calculated based on several key factors:
Value of Goods
- The insured value of your cargo (usually Cost, Insurance, Freight + 10%).
Mode of Transport
- Air freight, sea freight (FCL/LCL), or land.
Destination & Route
- Risk assessment of the trade lane (e.g., routes with high piracy risk may cost more).
Nature of Goods
- Fragile, high-value, or perishable goods (e.g., electronics, textiles, food) have different risk profiles.
Claims History
- Your company's past loss record.
Yes, absolutely. A comprehensive Marine Cargo policy from a Hong Kong provider is ideally suited for this. Your coverage is global and will protect your goods on their journey from origin (e.g., a factory in Shenzhen) through Hong Kong ports and onto their final destination anywhere in the world, including all of Mainland China. We understand the specific logistics and regulatory landscape of this crucial trade route.
Time is critical. Follow these steps:
Notify the Carrier Immediately
- Formally note the damage on the delivery receipt (e.g., Bill of Lading, Air Waybill) before accepting the goods. Obtain a written report from them.
Take Photos/Videos
- Document the damage and the packaging extensively as evidence.
Notify Us Without Delay
- Contact your insurance broker or us directly as soon as possible to initiate the claims process. We will guide you through the specific documentation required (e.g., commercial invoice, packing list, Bill of Lading, the survey report).
Mitigate Further Loss
- Take reasonable steps to prevent further damage to the goods.
Early cancellation of your policy will cause you to be at risk for paying more for coverage in the future, and have your business be exposed to potential risks. Businesses that start and cancel their coverage will usually be charged higher rates by insurance companies.
Enquire
Send us a message when we would be glad to assist you.
