Cargo insurance protects you from financial loss due to damaged or lost cargo. It pays you the amount you’re insured for if a covered event happens to your freight. And these covered events are usually natural disasters, vehicle accidents, cargo abandonment, customs rejection, acts of war, and piracy. Cargo insurance is like any other insurance – you’re protecting yourself for the day that the unexpected happens.
Our clients range from some of the world largest soft and biofuel trading and merchandising Groups.
Understanding Your Risks
Every day, globally thousands of goods move from point A to point B, which can be different sides of the world, traveling not only days, but months. Transporting goods around the world is not without certain risks. And if you’ve ever shipped something internationally, you realize just how many things could go wrong while goods are in transit or temporary storage. That’s where cargo insurance comes in.
We work with the customer from start to finish, combining our understanding of our client’s business and their objectives to create the most cost-effective risk transfer and business support solutions. We understand the business-specific risks of our clients and our job is to hedge them through insurance using our best knowledge. Our extensive transactional broking expertise and an international partner network allow us to find an insurance provider that can offer our client the most suitable conditions.
Providing Tailored Solutions
Our services include:
- Insurance program design and marketing strategies with industry specialist London and International insurers.
- Full Insurance support of our client’s daily business operational needs including issuance of all necessary Insurance cover documents for letter of Credit and Bank financing confirmations.
- Global servicing and coordination of local Insurance policy implementation using client preferred local partners if required.
Our team will be your partner all the way. Especially when something unexpected happens:
- We will respond to claim notifications rapidly.
- We will be hands-on thorough the process.
- We will do everything in our power to guarantee prompt collection and payment of claim funds.
Our bespoke insurance product provides All Risk cover, complemented by:
- Coverage for war risks including piracy, strikes riots and Civil Commotions.
- Minimal list of exclusions.
- Transit and/or storage wherever exposed world-wide with broad form attachment and termination of risk features.
- Vessel classification and age provisions tailored to individual vessel use profiles and chartering practices.
- Commercial coverage extensions like extra expense beyond pure cargo loss, embargo/rejection expenses, debris removal.
Creating Added Value
We have extensive experience across the whole range of physically traded commodities. Our key focus areas are:
- Energy – crude oil, refined products, coal, LPG / LNG and biofuels.
- Metals – including raw materials such as ores and concentrates (either ferrous or non-ferrous).
- Soft/agricultural products, including grains, oil seeds/grains.
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