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Marine cargo insurance is an essential product designed to safeguard goods during their transportation via land, air, or sea. Its primary purpose is to protect importers from financial losses resulting from damage or loss of merchandise during transit. Additionally, the customs value, which is used to calculate import taxes, is closely tied to marine cargo insurance.
Coverage by Land
Physical damage or loss to the insured merchandise as a consequence of an external, fortuitous and accidental event, including those occurring during loading, transshipment and/or unloading operations. Such as:
- Landslide.
- Fall of trees or poles.
- Fire.
- Explosion, lightning, hurricane, cyclone, tornado, flood, alluvium or avalanche.
- Additional: Theft
Coverage by sea
Risks of damage or loss suffered by the property covered by the insurance, such as:
- Fire or explosion of the vessel.
- Stranding, stranding, sinking or capsizing of the vessel.
- Collision or contact of the ship, vessel or means of transport with any external object except water.
- Discharge of the goods in port of refuge.
- General average and contribution to salvage expenses.
- Collision due to concurrent fault.
Coverage by air
Coverage:
- Aircraft crash.
- Collision.
- Landing gear failure.
- Forced landing or landing in a place not suitable for such purpose.
- Fire or explosion of the aircraft.
You will benefit from our experience in delivering effective solutions to complex supply chains.
You benefit from every innovation, whether it involves a simple extension to our Air and Ocean Freight products, whether it means a development in warehousing.
All of which explains why you’ll find the team of outstanding support at Silaecargo ready to apply their passion for solutions in support of your business.