Cover for goods in movement, by sea, air, rail or road.
Marine and transit insurance covers goods while they are in movement. Despite the name it applies to all modes — sea, air, rail, road and multimodal. Cover typically operates warehouse to warehouse, including intermediate storage, and can be arranged per consignment or as an open policy covering all shipments over a period.
Goods in transit occupy a gap in every other policy. They have left the protection of the origin warehouse and have not yet arrived at the destination. Damage, theft, and total loss during this window fall outside standard property cover entirely. For importers, exporters and distributors, this window may represent a substantial proportion of total stock value at any given moment.
The most frequent gap in marine cover is not absence but ambiguity over who insures. Incoterms determine where risk transfers between buyer and seller, and each party routinely assumes the other has arranged cover. The result is consignments moving entirely uninsured, discovered only when something goes wrong.
Each placed across our insurer panel and structured around your actual exposure rather than a standard template.
If your operations fall into any of these, this category is likely relevant to your risk profile.
No. It covers all modes including air, rail and road. The terminology is historic rather than descriptive.
A policy covering all shipments over a period, usually twelve months, up to a declared limit. It removes the need to arrange cover consignment by consignment.
Standard international wordings of decreasing breadth. Clause A is all-risk, Clause C covers only named major perils, and Clause B sits between them.
It depends on the Incoterm. Under CIF the seller insures; under FOB risk transfers to the buyer at the ship’s rail. This should be confirmed at contract stage.
No. Inadequate or unsuitable packing is a standard exclusion across cargo policies.
A structure where premium is based on annual sales turnover rather than individual shipment declarations, simplifying administration for high-frequency shippers.