What is the difference between inland transit insurance and ocean cargo insurance?
Inland transit insurance covers domestic transits via land conveyances and/or air shipments (domestic vessel transits are usually insured under an Ocean Cargo Policy). Ocean cargo insurance provides coverage for international ocean and/or air shipments on a warehouse-to-warehouse basis (including the land connecting conveyance transits).
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What does “CIF+10%” mean? I’ve shipped hundreds of times and never had a loss. Why would I want to insure? What is a General Average? How should an insured act in the event of a claim for loss or damage? What is an 'All Risks' Policy (‘A’ Clauses)? Is a valued inventory list required? What happens if I under-value a shipment for insurance purposes? What do I do when I discover a loss or damage to a shipment? I only import Cost Insurance and Freight (CIF). Why would I need added insurance? I already have my own policy. Isn’t that enough? What are the chances that anything will happen to my goods?New to Maersk.com?
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