Individuals and businesses engaged in trade are exposed to numerous risks, including cargo theft, damage, accidents, and natural calamities during transit. These unexpected risks can cause significant financial losses and disrupt the supply chain. Marine insurance is crucial in safeguarding cargo, vessels, and other maritime assets from these potential risks. Marine insurance has a long […]
Marine Insurance vs. Freight Insurance: What’s the Difference?
Marine and freight insurance are essential for shipping, logistics, and transportation businesses. Global trade and shipping of goods expose businesses to various risks and unpredictable conditions. Having adequate insurance ensures protection against financial losses, improves cash flow, and helps businesses comply with contractual requirements and trade regulations. However, businesses need to understand the difference between […]
Marine Insurance Trends in India: What to Expect in 2025
India’s economic growth is being significantly driven by digitalisation and technological advancements across all sectors, including insurance. Marine insurance—one of the oldest forms of insurance—is also transforming customer behaviour, preferences, and demands. With Indian businesses increasingly expanding their global footprint, marine insurance has become more essential than ever. The insurance industry in India is evolving […]
Transit insurance for household goods
When packing up your home ready to move, there are plenty of things on the to-do list. One item that is all too often forgotten is insurance for household goods in transit. This type of personal property policy is designed to protect a person’s belongings while in transit. Here we provide an overview of what […]
What are the At and From clauses in transit or marine insurance?
Insurance ‘At’ and ‘From’ clauses are special terms used to refer to certain spots or locations in transit insurance or marine insurance policies. A From clause, such as “from Antwerp to London,” indicates that the voyage will depart from any port between two specified ports, while an At clause designates a specific port as the […]
What is the Pair and Set Clause in marine insurance?
The Pair and Set Clause in Marine Insurance Pair & Set Clause is a non-institute Cargo Clause under a Marine Cargo Policy. Underwriters usually use this clause while underwriting a cargo policy with the objective to limit their liability. The clause states that if a loss involves only part of any pair, set, or parts, […]
How is CIF (Cost Insurance Freight) beneficial to the seller?
International shipping involves huge risks such as natural disasters, cargo loss, piracy, human error, etc. It is crucial for shipping businesses to avail of good marine insurance to safeguard their shipment financially against such named and unnamed perils in the shipping process. There are many export incoterms used as per the rules of the International Chamber […]
Navigating International Freight Cargo Insurance: Key Considerations and Tips
The shipping industry is exposed to numerous types of risks that can put a business in financial distress. Transporting goods from one place to another involves various potential risks during transit such as accidents, theft, damage, mishandling of cargo natural calamities, etc. Losses can have huge financial consequences. Thus, it is crucial for businesses in […]
How multi-mode Transportation Impacts Marine Insurance Premiums
Multi-modal transport operators have emerged strongly in the shipping and transportation business in the last few years. They play a crucial role in providing comprehensive and cost-efficient transportation solutions by leveraging the various modes of transport. They offer a range of services that include customs clearance, freight forwarding, distribution, and warehousing facilities. However, it is […]
Exceptional reasons for Cargo freight forwarders to opt for cargo insurance cover?
Cargo freight forwarders play a crucial role in the shipping business. They deal with the transportation and logistics aspects of the shipping process facilitating the movement of goods from one place to another. Cargo forwarders are the intermediaries between the shippers and the carriers. In a shipping business, cargo freight forwarders are responsible for various […]