Cargo Solutions
In international sales transactions, goods are generally transported over long distances and subject to a variety of hazards en route. The risk of loss or damage to goods is relatively high.
Our cargo insurance is aimed at mitigating, as far as possible, the financial burden of the risks of loss or damage associated with the transportation of goods between exporters and importers. The insurance of these risks is placed with specialist marine underwriters.
- Includes storage of cargo incidental to the insured voyage
- Generally subject to an agreement of sale between the seller (supplier/exporter) and buyer (importer)
- The method of conveyance includes transportation via sea, barge, air, road and rail
We provide insurance for cargo transported worldwide under the following categories:
Imported Cargo
For cargo brought into a respective country from another country via any method of conveyance. For instance: cargo sent from the United States of America to South Africa.
Exported Cargo
For cargo sold from a respective country and destined for another country via any method of conveyance. For instance: cargo sent from South Africa to a buyer in the United States of America.
Cross-voyage Cargo
The carriage of cargo from one country to another, neither of which is the domicile of the seller or buyer of the cargo.
Stock Throughput
- Covers a company’s goods (assets) against physical loss or damage while in the global supply chain, in transit, and whilst in storage as company-owned inventory or during the manufacturing process.
- Excludes damage to goods caused by the manufacturing process itself.
- Ideal for manufacturers who import raw materials, then store and distribute the finished goods from their warehouses.