There are some probability that could happen while your cargo in transit such as loss, damage and pilferage. Therefore cargo in transit insurance is very important to protect your goods and merchandise while in storage anywhere in the world between the points of origin and final destination by any method of transport either by sea, rail, road or air.
The advantage of having cargo insurance is that you can claim under your cargo policy for loss or damage to goods in transit and recover in full. You do not have to prove that the forwarder, carrier or warehouse keeper is liable for the loss or damage.
Why do we need Cargoes in Transit insurance?
Most company think that cargo in transit insurance not important as cargo shipments usually arrive at their destination safely. However, never forget that unexpected news such as loss and damage cargo while in storage indeed happens. When it does happen, cargo in transit insurance will help to protect your financial and commercial loss. So, it’s such a great decision to have a cargo in transit insurance.
Who needs cargoes in transit?
Any business that involve shipping and receiving goods as part of your value chain need cargo in transit insurance. It will cover the process of moving cargo no matter by sea, road, rail and road, which is also could reduce your worries when there is loss or damage of your goods while in storage. Let us handle all your matters regarding your loss or damage goods. Companies that need cargo in transit insurance such as:
- Manufacturers – importing raw materials and distributing finished goods
- Wholesalers – importing stock and distributing sales
- Primary producers – exporting products like beef, lamb, fish and cotton etc.
- Miners – exporting coal, iron ore or bauxite
- Retailers – importing stock and moving sales, purchases and stock transfers
- Repairers – importing spare parts and sending customers’ goods.