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Marine Cargo
Insurance

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Protect your shipments with reliable and transparent marine cargo insurance designed for businesses that move goods across international and regional waters. Get instant quotes, flexible policies, and trusted coverage backed by A+ rated insurers.

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What is Marine Cargo Insurance?

Marine cargo insurance protects your goods while they move through sea, air, or land. It covers financial losses if your shipment gets damaged, stolen, or lost during transit. Many businesses also know it as marine transit insurance, ocean marine cargo insurance, or marine freight insurance.

A reliable marine cargo insurance policy helps exporters, importers, and freight forwarders stay protected from unexpected risks. With the right provider, you get clear and flexible marine cargo insurance coverage that keeps your international trade secure, compliant, and stress-free.

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marine cargo insurance

Who Needs Marine Cargo Insurance?

Businesses that ship goods by sea, air, or land rely on marine cargo insurance to stay financially protected. If you move products regularly, this coverage helps you reduce risk from loss, damage, or theft during transit. A marine cargo insurance policy also supports smoother trade operations by keeping your shipments secure and compliant.

You need marine cargo insurance coverage if you are:

  • An importer or exporter sending goods across borders
  • A freight forwarder responsible for client shipments
  • A manufacturer or supplier shipping bulk or high-value items
  • An e-commerce or retail business handling fragile or electronic products
  • A logistics, warehouse, or distribution company managing frequent shipments
  • A project cargo handler moving machinery or oversized equipment

Any company that depends on safe and timely delivery benefits from marine transit insurance or ocean marine cargo insurance. With the right policy, you safeguard your cargo from unexpected disruptions and protect your business at every step of the journey.

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What Does Marine Cargo Insurance Cover?

A marine cargo insurance policy protects your goods from the most common risks that occur during transportation by sea, air, or land. This coverage helps you stay financially secure when shipments face damage, theft, or unexpected incidents. With the right marine cargo insurance coverage, your cargo remains protected from the moment it leaves the warehouse until it reaches the final destination.

Here’s what marine cargo insurance typically covers:

  • Loss or Damage: Protects your goods if they get damaged or destroyed due to collisions, sinking, fire, or other transit-related accidents.
  • Theft and Pilferage: Covers losses caused by theft, hijacking, or partial pilferage during shipment.
  • Natural Disasters: Provides protection against storms, earthquakes, lightning, floods, and other unavoidable natural events.
  • Loading and Unloading Risks: Covers damage that occurs while loading or unloading cargo from a vessel, truck, or aircraft.
  • General Average Contribution: Pays your share when cargo is intentionally sacrificed to save the vessel or other shipments during an emergency.

With comprehensive marine transit insurance or ocean marine cargo insurance, your goods stay protected throughout the entire shipping journey.

Explore Coverage Levels
marine cargo insurance coverage

Institute Cargo Clauses (A, B, and C)

The Institute Cargo Clauses (A, B, and C) decide how much protection your shipment receives under a marine cargo insurance policy. These clauses are international standards created by the Institute of London Underwriters and are used worldwide for marine transit insurance. Each clause offers a different level of marine cargo insurance coverage, depending on the shipment’s value and the level of risk you want to insure.

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Clause A – All Risks Coverage:

Clause A gives you the widest marine cargo insurance coverage. It protects your goods against almost all types of physical loss or damage unless the policy lists an exclusion. This option works best for high-value shipments such as heavy machinery, electronics, or specialized equipment.

Typical exclusions include: improper packing, ordinary leakage, normal wear and tear, or intentional misconduct.

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Clause B – Named Perils Coverage:

Clause B provides protection against specific, named risks only. These include events like fire, explosion, vessel collision, earthquake, volcanic eruption, or goods being washed overboard. This type of coverage is ideal for medium-value shipments where businesses want strong protection but do not need full all-risk coverage.

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Clause C – Basic Coverage:

Clause C offers essential but limited protection. It covers major incidents such as vessel sinking, capsizing, collision, or derailment during land movement. This option is commonly used for low-risk cargo or bulk commodities where basic coverage is enough to meet trade, transportation, or contract requirements.

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Insurance Premium Instantly

Get a clear and instant estimate for your marine cargo insurance premium based on your shipment type, cargo value, and transport mode. Our easy-to-use marine cargo insurance calculator helps importers, exporters, and freight forwarders check costs quickly and make confident decisions. You get full transparency with no hidden fees—just accurate pricing designed to fit your shipping needs.

 

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How Marine Insurance Works?

A marine cargo insurance policy protects your goods throughout the shipping journey and compensates you if the cargo faces loss or damage. Here’s a simple breakdown of how the process works:

  • Select Your Coverage: Pick a marine cargo insurance policy that matches your shipment’s value, trade route, and transportation method.
  • Submit Shipment Information: Share key details like cargo description, declared value, packaging type, and destination to generate an accurate premium estimate.
  • Receive the Policy Document: Once your information is verified, the insurer issues a policy that clearly outlines your coverage terms, clauses, and insured limits.
  • Shipment Departs: The coverage starts when your goods begin their journey and stays active during every stage of transit until delivery.
  • Report an Incident: If your cargo is damaged, lost, or impacted during transport, you can notify the insurer and begin the marine cargo insurance claim process.
  • Claim Review & Compensation: The insurer evaluates the documents, confirms the cause of loss, and releases payment based on the policy’s coverage and conditions.

Types of Marine Insurance Policy

Different marine insurance policies serve different shipment needs. Each policy type offers a unique level of protection based on your cargo, trade route, and frequency of shipments. Choosing the right marine cargo insurance policy ensures your goods stay protected from the point of dispatch until final delivery.

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Voyage Policy

Covers your cargo for a single, specific journey from one point to another. This policy suits businesses that ship occasionally or only need protection for a one-time shipment.

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Time Policy

Provides coverage for a fixed duration—usually up to one year. This option is commonly used for vessels or carriers that stay active throughout the insured period.

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Mixed Policy

Combines elements of both time and voyage policies. It protects cargo for a set route while also offering coverage within a defined time frame.

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Open (or Floating) Policy

Gives continuous protection for multiple shipments over a specific duration. It is ideal for importers, exporters, and freight forwarders who ship goods regularly.

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Valued Policy

Specifies an agreed value of the cargo beforehand. In the event of a covered loss, the insurer pays this amount, avoiding disputes about cargo valuation.

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Block Policy

Covers cargo across different modes of transport—sea, air, rail, and road—under one unified plan. It is best for businesses that rely on multimodal or intermodal logistics.

Why Choose CargoInsure Pro for Marine Cargo Insurance?

Choosing the right partner for your marine cargo insurance is essential to keep your shipments protected throughout the journey. CargoInsure Pro delivers expert guidance, transparent pricing, and reliable coverage trusted by importers, exporters, and freight forwarders across Southeast Asia. Here are five strong reasons businesses choose us:

  • Specialized Marine Insurance Expertise: Our team focuses entirely on cargo and marine risks, providing accurate guidance backed by years of hands-on industry experience.
  • A+ Rated Global Insurance Partners: Every marine cargo insurance policy is supported by financially strong, internationally recognized insurers known for dependable claims handling.
  • Instant Premium Calculation & Fast Coverage: You receive quick, transparent marine cargo insurance premium estimates and policy documents without delays or complex paperwork.
  • 24/7 Claims Support With Clear Guidance: Our claims specialists assist you at every step—helping you submit documents, understand coverage, and get timely compensation.
  • Regional Knowledge Across Southeast Asia:With deep understanding of trade routes, port operations, and customs regulations, we help minimize risks for shipments moving across Singapore, Malaysia, Thailand, Cambodia, India, and China.
marine cargo insurance coverage

Marine Cargo Insurance Across Southeast Asia

Comprehensive marine cargo insurance coverage tailored for exporters, importers, and logistics providers operating across key Southeast Asian trade routes and major ports.

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Cambodia

Sihanoukville Port & Phnom Penh coverage

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Thailand

Bangkok, Laem Chabang & border crossings

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Malaysia

Port Klang, Johor & KLIA coverage

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China

Major ports & manufacturing regions

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India

Mumbai, Chennai & inland destinations

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Singapore

Regional hub & transshipment coverage

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Note: BL/Packing List/ Commercial Invoice

Marine Cargo Insurance FAQs

Common questions about marine cargo insurance coverage and claims

01. Why is marine cargo insurance important for international trade?

Marine cargo insurance is essential because it ensures financial protection for goods during global shipping. It minimizes risks from unpredictable events like vessel accidents, piracy, or port delays, helping traders and freight forwarders maintain business continuity.

The cost of marine cargo insurance depends on factors such as cargo value, route, mode of transport, and level of coverage selected. Generally, the premium is a small percentage of the shipment’s insured value, providing high protection for minimal cost.

To file a marine cargo insurance claim, you must notify your insurer immediately and provide supporting documents like the policy, invoice, and damage report. Once verified, the insurer processes compensation based on the policy terms and coverage selected.

Marine cargo insurance is ideal for exporters, importers, freight forwarders, and manufacturers shipping goods internationally or domestically. It ensures financial protection and peace of mind against unforeseen transit risks.

 

Yes, marine cargo insurance also covers air freight shipments under a marine transit insurance policy. It provides protection against loss, theft, or damage to goods transported by air, ensuring your cargo remains secure throughout the supply chain.

Yes, you can get a marine cargo insurance quote online by providing shipment details such as cargo type, destination, and value. Instant quotes help businesses compare coverage options and choose suitable protection quickly.

Common documents include the bill of lading, commercial invoice, packing list, and certificate of insurance. These help verify shipment details and are essential when filing a marine cargo insurance claim.

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Note: BL/Packing List/ Commercial Invoice
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