Frequently Asked Question
Cargo Insurance is a vital insurance policy that provides protection for insurable goods during their transportation. It covers physical loss or damage to goods carried by vessels, ensuring that your valuable cargo is safeguarded throughout its journey.
Hull Insurance is an essential insurance policy that offers comprehensive coverage for marine vessels. It protects against the loss or damage of your vessel, providing you with peace of mind and financial security in the face of unforeseen events.
At SEA FREIGHT, we have the capability to insure all legal merchandise, with only a few limitations as specified in the tariff. Our comprehensive coverage options ensure that your diverse cargo requirements can be met.
Cargo Insurance coverage begins as soon as the cargo is checked and remains in effect during the entire transportation process until delivery at the designated port of destination. This ensures that your cargo is protected throughout its entire journey.
SEA FREIGHT provides coverage for all risks of physical damage to your cargo, with some exceptions. We protect against a wide range of risks, but certain factors such as delays, decline, loss of market, inherent defects, improper packaging, water or moisture damage to on-deck cargo, and injury or death to livestock due to natural causes or animal-related incidents are not covered.
To establish the value of the cargo for claims purposes, SEA FREIGHT requires an actual invoice or utilizes the reasonable market value at the destination point. This ensures that you receive fair compensation in the event of loss or damage.
It is crucial to be aware that Shipper's Load and Count (SLC) shipments are not covered for shortages. Additionally, damage caused by customer packaging that contributes to the damage is not covered. Understanding these key points will help you make informed decisions and take necessary precautions.