Marine Cargo
Insurance Singapore
Protect your sea freight shipments with reliable marine cargo insurance in Singapore. Whether you are an importer, exporter, or freight forwarder, we provide coverage that keeps your goods safe from loss, damage, or theft during transit. Backed by leading marine insurance companies in Singapore, our policies are designed to give you peace of mind across every trade route.
What is Marine Cargo Insurance in Singapore?
Marine cargo insurance in Singapore is a policy that protects goods shipped by sea against risks like damage, loss, or theft. It ensures that importers, exporters, and freight forwarders can move cargo with confidence, knowing their financial investment is secure.
This type of cargo insurance in Singapore applies to container shipments, bulk commodities, and break-bulk cargo moving through major ports such as Singapore’s PSA terminals. It is also known as marine insurance in Singapore and is often required by trade partners to safeguard both buyers and sellers.
How Much Does Marine Cargo Insurance Cost in Singapore?
The cost of marine cargo insurance in Singapore is based on the value of your shipment and the type of coverage you choose. Typically, premiums range from 0.05% to 0.5% of the cargo’s insured value. For example, a shipment valued at USD 100,000 may cost between USD 50 and USD 500 to insure.
Most marine insurance companies in Singapore offer flexible options to suit different business needs, including single-voyage, annual, or open cover policies. Choosing the right plan ensures your shipments are financially protected against loss, theft, or damage during sea transit.
Calculate Your Cargo
Insurance Premium Instantly
Get a quick premium estimate tailored to your shipment details. Our easy-to-use cargo insurance calculator gives you transparency and speed, helping you make informed logistics decisions.
Why Choose CargoInsurePro for Marine Cargo Insurance in Singapore?
Selecting the right marine insurance company in Singapore is crucial for protecting your shipments. At CargoInsurePro, we combine global expertise with local market knowledge to deliver reliable coverage for businesses of all sizes.
Here’s why businesses trust us:
- Specialized in Marine Insurance: Focused on cargo and marine coverage, not a generic insurer.
- Tailored Plans: From single-voyage to annual and open cover policies, we create solutions that match your shipping needs.
- Fast Claims Process: Quick, transparent, and customer-first claims settlement to minimize business disruption.
- Global & Local Support: Coverage across Singapore’s ports and international trade routes.
- Trusted Insurance Partner: Recognized as a reliable marine insurance company in Singapore, offering fair pricing and complete protection.
With CargoInsurePro, you get more than just insurance—you get peace of mind knowing your cargo is fully covered.
Our Singapore Marine Cargo Insurance Services
Comprehensive protection for all your cargo shipments throughout Singapore and internationally
Marine Cargo Insurance
Complete coverage for sea freight shipments through major Thai ports including Laem Chabang, Bangkok Port, and Map Ta Phut.
Covers:
- All-risk coverage for cargo damage
- General average protection
- Salvage charges coverage
- Container deviation protection
- Sue and labor expenses
Air Freight Insurance
Specialized coverage for air cargo through Suvarnabhumi Airport (BKK) and Don Mueang International Airport (DMK).
Covers:
- Door-to-door air cargo coverage
- Transit delay protection
- Temperature-controlled cargo
- High-value goods coverage
- Express courier insurance
Land Transport Insurance
Comprehensive coverage for overland cargo transport throughout Thailand's extensive highway network.
Covers:
- Truck cargo insurance
- Rail freight coverage
- Cross-border transport
- Warehouse-to-warehouse protection
- Multi-modal transport coverage
Project Cargo Insurance
Specialized coverage for oversized and heavy-lift cargo projects across Thailand's industrial sectors.
Covers:
- Heavy machinery coverage
- Industrial equipment protection
- Construction project cargo
- Oil & gas equipment
- Power generation equipment
Singapore-Specific Coverage
Tailored insurance solutions addressing unique challenges in the Singaporean market
Key Industrial Sectors
- Shipping & Logistics
- Oil & Gas Refining
- Electronics & Semiconductors
- Chemicals & Petrochemicals
- Biotechnology & Pharmaceuticals
- Food & Beverage Processing
- Financial Services Trade Finance
Major Singaporean Ports
- PSA Singapore Terminals
- Jurong Port
- Singapore Strait anchorage
- Changi Airport (SIN)
- Seletar Airport
- Marina Bay Cruise Centre
Thai Regulatory Compliance
- Singapore Customs requirements
- Maritime and Port Authority (MPA) regulations
- Enterprise Singapore trade facilitation
- Free Trade Zone compliance
- Singapore Exchange trade documentation
- Monetary Authority insurance regulations
- International arbitration standards
Major Trade Routes
- Singapore - Global transshipment hub
- Singapore - China main routes
- Singapore - Europe connections
- Singapore - USA trade lanes
- Singapore - Middle East shipping
- Singapore - Australia routes
- Intra-Asian feeder services
Get Your Cargo
Insurance Quote.
- Instant quote generation
- No obligation
- Expert consultation included
Contact Our Singapore Team
Local expertise with global reach – our Singapore office is here to help
Singapore Office
Address:
789 Raffles Place, Singapore 048623
Business Hours
Monday - Friday:
8:00 AM - 6:00 PM (SGT)
Saturday:
9:00 AM - 1:00 PM (SGT)
+65 6789 0123
24/7 Emergency Claims
Languages Supported
- Malay: Native speakers available
- English: Fluent business English
- Mandarin: Mandarin support
- Tamil: Basic business Tamil
Frequently Asked Questions
Quick answers to common cargo insurance questions
01. What does marine cargo insurance cover?
Marine cargo insurance protects your goods against unforeseen losses or damages during transportation by sea or inland waterways. Coverage levels vary based on selected Institute Cargo Clauses (A, B, or C) , offering options from all-risk to named perils protection.
02. How quickly can I get a quote?
You can receive competitive quotes instantly through our advanced online system for major trade routes. Our assessment considers factors like cargo type, transport mode, and subcontractor reliability to provide tailored pricing.
03. Do you cover all types of cargo?
Yes, we cover various cargo types, with specific Institute Cargo Clauses (ICC) designed for new , moderate , or used and reconditioned goods. Proper packaging is also crucial for claims eligibility across all cargo types.
04. What is the claims process?
For a claim, notify your agent or insurer via email with photos/videos within 48 hours. A written notice to the carrier is also required within three days if damage wasn’t initially apparent. You’ll need key documents like the Certificate of Insurance and Commercial Invoice.
05. Can I get coverage for a single shipment?
Yes, we offer “Ad Hoc Cargo Insurance” for single, specific shipments. We also provide “Open Cargo Insurance” and “Annual Cargo Insurance” solutions to fit diverse shipping patterns and needs.
06. What are Incoterms and how do they affect my insurance?
Incoterms are standardized trade terms defining buyer and seller responsibilities in international transactions. They clarify who handles costs, customs, and crucially, where the risk of goods transfers. This risk transfer point directly dictates when your insurance coverage should begin.
Latest Industry Insights
Expert analysis and updates on cargo insurance, shipping trends, and regulatory changes across Southeast Asia. This includes crucial insights into common claim issues in marine cargo insurance and freight forwarder liability.
