Why to opt for International Marine Cargo Insurance?



  • On average, a ship sinks every day and a shipper experiences a General Average loss every 8 years.
  • Most carriers are not responsible for losses that are unforeseeable and beyond their control, such as fires, lightning, un-seaworthiness of vessels, collisions, criminal acts or negligence.
  • General Average may be declared by the captain and requires you to post a cash bond before receiving your cargo — even when your cargo is not damaged or destroyed.
  • National and international treaty restrictions limit ocean carriers’ liability per package.
  • The Maritime Law of General Average means that even if your cargo is not lost or damaged, cargo owners must pay proportionally for any cargo intentionally or unintentionally thrown overboard, any damage sustained to the vessel, and any expenses incurred to save the ship and its crew when in danger.
  • A General Average claim may take years to finalize.


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