What are the important features of Specific Transit insurance? Welcome to our short video blog on the important features in Specific Transit Insurance. Through a compelling case study, we’ll showcase how these features act as true saviors for businesses. Discover how comprehensive, tailored policies, and prompt claims handling provide businesses with peace of mind, protecting […]
What is Barratry in Marine Insurance, Maritime Law & Regulations Governing It
Barratry is the legal term describing severe or willful misconduct by the captain or crew of the ship that would include loss or damage to the ship or cargo. Marine insurance plays a crucial role in protecting you against the risk of damage or loss to the cargo or ships by which the goods are transferred, […]
What is Freight Demurrage and Defence insurance (FD&D) in Marine Insurance?
When it is about securing goods transported from one destination to another, you would want to get them insured before they leave the shore. This is where marine insurance policies come into the picture to provide adequate insurance coverage. If you are thinking transit insurance is as easy to understand as any other type of […]
Incoterms in Marine Insurance: All You Need to Know
Within global trade, goods cross borders to make businesses flourish over time. Depending on the scale at which a business operates, it forms a part of the larger development cycle of the nation. The opportunity to tap into international markets attracts many business owners in our country. But it also makes dubious about various sides […]
Who is Covered Under Multimodal Transport Operator (MTO) Insurance Cover?
Every business has its own legal and client-related liabilities that require careful consideration. The same holds true for transport operators providing national and international logistics solutions to clients from different industries. In particular, the challenges related to the work of Multimodal Transport Operators or MTOs are quite complex. They are engaged in transporting goods via […]
Key Benefits of Buying Transit Insurance Online
Mr. Shah has been in the business of selling antique woods and wooden items in India and dealt with both national and international clients. He received a big order for some specific wooden items from an International client in the United States. Once the products were ready, he carefully checked the packaging process and got […]
What is Warehouse-to-Warehouse Insurance?
When you are involved in the business of exporting or importing goods from multiple countries, you know the financial implications of losing the cargo in transit due to any reason whatsoever. In the worst-case scenario, loss of goods because of theft, an overturning of the cargo vessel, etc. can even lead a company to dissolution, […]
What is an Air Freight or Air Cargo Insurance?
Air freight is the term for when there is a shipment of goods or cargo via an air carrier. For this reason, air cargo is another common term for air freight. It is very important as it enables the transport of express shipments across the world. Often the transport of cargo across the globe takes […]
What Is Contingent Cargo Insurance?
Increased globalisation over the last few decades has made the world a smaller place. Today, there is a regular export of goods made in India to countries across the world and vice versa. With global online marketplaces, the import of foreign-made is the norm. Such import-export is only possible today because of the shipping industry. […]
Cargo Vs. Freight Insurance: What’s The Difference?
The terms ‘freight’ and ‘cargo’ are used interchangeably quite often. Therefore, it comes as no surprise that some customers are confused about cargo insurance and freight insurance and the difference between the two. Both these plans are devised to cover the goods that are being transported in that particular event from damage or loss. Also, […]