Marine Cargo

Marine cargo insurance is an integral part of National / International Trade and is required by Importers, Exporters, Manufacturers, Distributors, Retailers, Wholesalers and others engaged in the movement of goods by sea, air, road, rail and post.

The main hazards to which moving goods and/or property are exposed during transit are:

  • Perils of the Sea
  • Theft
  • Malicious Damage
  • Fire and Accidental Damage

Types of policies:

  • Specific Policy: a policy for a single shipment by sea / air / rail / post.
  • Open Policy: an annual policy subject to declarations for policy issuance at agreed-upon rates.

Hull and Associated Interests

We pride ourselves in obtaining the cover our clients’ businesses require from reputable global insurers. We can provide advice and have expert knowledge in the following:

  • Hull and Machinery
  • Loss of Hire
  • Protection and Indemnity
  • Charterer’s Liability
  • Other Marine-related Liability risks

War and Political Risks

We provide cover for the risks associated with international trade and investments. We are able to develop tailored policies in respect of the following:

  • War Risks
  • Confiscation, Expropriation and Nationalisation
  • Trade Credit

Ports and Terminals

We have developed in-depth expertise in this area, designing insurance programmes to meet the specific needs of port authorities worldwide, including:

  • Loss of / Damage to Cargo under Care, Custody or Control
  • Third Party Liability
  • Professional Indemnity
  • Fines and Penalties
  • Physical Loss of Damage to Equipment
  • Port Property
  • Business Interruption

Ship Finance

We provide a broad range of products for financial institutions involved in all aspects of the maritime industry. Our expertise covers the following areas of ship mortgage insurance and financing:

  • Mortgagees’ Interest
  • Innocent Owner’s Insurance
  • Lessor’s Interest Insurance
  • Political Risks Insurance
  • Shipyard and Related Risks