Whether you ship containers occasionally or you have an import/export business that regularly deals with large quantities of goods over a long distance, marine cargo insurance is imperative for the smooth functioning of the business, which may expose you to various risks. Catering to the needs of both importers and exporters, the marine cargo insurance […]
Why buy A Marine Cargo Insurance Policy While Trading Across Nations?
The transportation of goods has various risks as it passes from one nation to another. A Cargo Insurance Policy deals with the sea perils associated with the transportation of goods. Hence it is important to protect the assets using a cargo insurance policy while they are in transit from one place to another. There are […]
7 Reasons to Buy a Marine Insurance Policy if You are a Shipper
Why should you buy a marine insurance policy? The answer is— because you are a shipper. If the answer is not enough to convince you, then keep reading. Marine insurance covers losses or damages caused to ships, cargo, and terminals. Simply, it is an insurance cover while in transit. Comprehensive marine insurance curtails shippers’ exposure […]
What are the different Types of Marine Policy Available in India?
Based on specific requirements of the industry, the marine insurance policy is standardized under the following categories: Cargo Insurance: Exclusively cargo insurance covers the cargo on the ship. It also covers the risk of damage to objects owned by the voyagers of the ship. Time Policy: This is marine insurance cover for a limited period. […]
How Does Inland Transit Insurance Ensure the Growth of Your Business?
Being involved in the transportation industry brings with it several responsibilities. While delivering goods from one place to the other, it becomes your responsibility to keep them safe. Marine inland transit insurance works as a protection for cargo while it is on its journey from one place to another. Inland transit insurance comes under a […]
What is Specific Voyage Insurance Policy?
As the name itself says, a specific voyage insurance policy covers a specific single transit only. It offers coverage to goods, freights, and other interests against various losses or damages, like fire, collision, earthquake, lightning, etc.; if destroyed by rail or air while transporting goods. It will not pay anything if losses or damages happen […]
Marine Hazards Every Exporter & Importer Should Worry About
The marine industry serves as an important connection bridge in international trade, and the cargo vessels are the most efficient, and probably the only means to transport large volumes of finished goods and commodities. In a global economy, bulk carriers are crucial, as they cover a huge range of products. For instance, Coal, Sulphur, Cement, […]
Steps taken to Buy a Marine Insurance Policy
If you are looking to buy a marine insurance policy, here are the steps that you need to take: Choose the Marine Insurance Cover Select your Broker or Insurance Company. A broker can provide you with multiple insurer options and also help to customize the available options to suit your needs and budget Fill out […]
Everything You Should Know About Marine Insurance
Marine insurance policy plays a very important role in safeguarding business interests of import export firms. See the infographic to know the type of covers available for different trade activities, the perils that such insurance will cover and not cover, and the add on perils that you can buy by paying an extra premium for […]
Small Consignment? Should You get bothered by buying Marine Insurance?
The Indian economy has secured a good rank in the world of export and import business. The organizations thus involved in these import activities will not only help India to strengthen ties with other countries but will also assist to move forward towards more socio-economic developments. As a matter of fact, to keep the flow […]