Who this cover is for
We cover importers, exporters, clearing agents and transport companies.
- Importers receiving shipments through Aqaba or the airport
- Exporters shipping to regional and international markets
- Companies with regular shipments suited to an open policy
- Traders whose letters of credit require an insurance certificate
What the policy covers
The core covers we request in every quotation. Some are optional and carry an additional premium.
- All risks conditionsThe widest cover available for goods against sudden loss during transit.
- Named perils conditionsCover limited to listed perils at a lower premium, suitable for certain cargo types.
- Inland and air transitExtending cover warehouse to warehouse rather than port to port only.
- Open coverAn annual policy covering all shipments automatically with a declaration per consignment.
- War and strikesAn important extension on sensitive routes and regions.
- General averageYour contribution to shared losses when the master sacrifices part of the cargo.
- Temporary storageA limited storage period at the port or warehouse within the transit.
What it usually does not cover
These are common exclusions in this line of business. Actual exclusions differ between insurers, and we set them out in writing with every offer.
- Insufficient or unsuitable packing for the nature of the cargo
- Inherent vice in the goods or natural loss of weight
- Delay in arrival and the commercial losses that follow
- Insolvency or financial default of the carrier
- Prohibited goods or cargo breaching import regulations
- Claims submitted after the notification period has expired
Figures and clauses worth asking about
Before you sign, these are the clauses that decide what the policy is really worth.
Claim documents
We prepare them with you and review them before submission so the file is not delayed on a procedural point.
- Bill of lading, commercial invoice and packing list
- A survey report at delivery evidencing damage or shortage
- The notice of reservation sent to the carrier or the port
- Photographs of the damage before the container is fully unloaded where possible
- The report of the marine surveyor appointed by the insurer
Questions we put to the insurer on your behalf
These questions are the difference between a cheap offer and a suitable one.
- Is cover warehouse to warehouse or port to port only?
- Which set of conditions applies to this type of cargo?
- Is war and strikes cover included on the intended route?
- How long is temporary storage covered within the transit?
- What is the deductible, and does it vary with the cargo type?
- What is the deadline for filing reservation with the carrier so recourse is preserved?
Common questions about Marine Cargo Insurance
The carrier is liable for damage, so why insure?
Carrier liability is usually capped by a limit tied to weight, which can be far below the value of your goods. Insurance indemnifies you on the value of the cargo, not its weight.
What is the difference between an open policy and per shipment cover?
An open policy covers every shipment for a year at a pre agreed rate and saves time and cost where shipments are regular. Per shipment cover suits irregular importing.
Does the bank require an insurance certificate for a letter of credit?
In most cases yes, with specific requirements on conditions, currency and value. We issue it in the form the bank accepts.
I found the damage after opening the container at my warehouse. Can I still claim?
Possibly, provided the notification deadline is met and the condition is documented immediately with photographs and reports. Late reservation is the most common reason marine claims are reduced.
