Marine Cargo

Marine Cargo Insurance is a type of insurance that provides coverage for goods, merchandise, or commodities being transported via water, air, or land. This insurance helps protect you from financial losses that may arise due to damage, theft, or loss of cargo during the transit process.

In some circumstances, all-risk policies may not be provided, so restrictive covers such as Institute Cargo Clauses (B) or (C) 1/1/82 will be provided. Below is a brief cover comparison of the (A), (B), and (C) clauses.

Underwriting Information Required for Marine Cargo Insurance

• Description of the goods being transported, including their nature, quantity, and value.
• Details of the shipment, such as the origin, destination, route, and mode of transportation.
• Information about the packaging and storage conditions of the cargo.
• Details of the carriers involved in the transportation.
• The insured's financial interest in the cargo and their insurable interest.
• Any previous loss history or claims related to similar cargo shipments.
• Compliance with any relevant regulations or international conventions.
• Any additional coverage or specific requirements based on the nature of the cargo or the trade route.

AMG works with a wide network of insurance providers to help clients find the most suitable coverage at competitive rates. By leveraging our expertise and industry connections, we can assist you in navigating the complexities of Marine Cargo Insurance, ensuring that your cargo is adequately protected.