What is Cargo Insurance?
Cargo insurance covers physical loss or damage to goods transported by sea, road, rail, air, post, or other means. It protects anyone with a insurable/financial interest in the cargo—such as buyers, sellers, or intermediaries. Coverage can range from broad 'All Risks' policies to more specific 'Named Perils', with options for standard or customised terms.
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Can Maersk assist me with cargo insurance for journeys through areas like the Bab el-Mandeb strait and the Red Sea? Doesn’t the shipping company have to cover my loss? How do I calculate the volume for my LCL cargo? I only import Cost Insurance and Freight (CIF). Why would I need added insurance? I’ve shipped hundreds of times and never had a loss. Why would I want to insure? Since I only ship Free on Board (FOB), do I really need insurance? What are the “Incoterms”? What do I do when I discover a loss or damage to a shipment? What does 'CIF+10%' mean? What is a General Average? What is an 'All Risks' Policy (‘A’ Clauses)?New to Maersk.com?
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