Marine Cargo Insurance is one the most important and vital branches of insurance , and is considered an indispensable aid to international trade. Securing the proper Marine Cargo insurance is critical in mitigating the risk of financial loss to your goods within the supply chain. Marine Cargo insurance provides coverage for your goods in the event of loss or damage during the domestic and/or international transit.
Cargo insurance may be written to protect shipped by:
- Rail goods
It can include coverage throughout the distribution supply chain as well as while warehoused or in storage, as needed. This yearly event brings together all actors in the marine cargo supply chain in one location to discuss trends, challenges, opportunities and the future of the marine cargo industry. Goods may be insured on a spot-shipment basis or under an open cargo policy. As such, partnering with an experienced specialist who understands the intricacies of cargo insurance and supply chain is an invaluable advantage to those seeking to protect their financial interests.
MCI 2018, along with our network of logistics service partners, are strategically positioned to guide you through this complex process and to provide you with the proper type of coverage.
Logistics Service Providers – Shipper’s Interest Policy. As logistics experts (freight forwarders, property brokers and other third-party logistics providers), your customers rely on you to advise and guide them through the transportation process. Many cargo owners do not understand the risks inherent in transportation or have access to the resources to insure them. So you have an opportunity to educate and provide them with the products necessary to manage those risks. MCI2018 can assist provide logistics service providers with a high quality, competitively priced and easily managed Shippers Interest Policy that allows you to offer your clients the insurance they require.
This coverage directly insures your client against physical loss or damage providing them a better option than solely relying on the carrier’s liability insurance and unlike carrier’s
insurance, the Shippers Interest Policy will pay to either repair or replace the cargo regardless of if the carrier is found liable.