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View pictures of damaged cargo and sinking ships

Transportation Insurance | Ocean Cargo Insurance |
Air Freight Insurance
for International Shipping of Commercial Cargo, Industrial Products, Cars, Boats, Household goods

Ocean cargo insurance (marine cargo insurance) and Air freight insurance is important on export or import shipments. Under the Carrier of Goods by Sea Act, ocean carriers are responsible for the seaworthiness of the vessel, properly manning the vessel, and making the vessel safe for carriage of the cargo. The ocean carrier is NOT RESPONSIBLE for negligence of the master in navigating the vessel, fires, dangers, and accidents of the sea, acts of God, acts of war, seizures, strikes, riots, inherent defect, insufficiency of packing, quarantine restrictions and any other causes arising without the actual fault of the ocean carrier.
Without transportation insurance, even when carrier can be proven liable, responsibility is limited to $500 per "package" on ocean shipments and $20 per kilogram on air shipments.

Under certain INCOTERMS (commonly used in international shipping & trade) your company may be responsible for purchasing transportation insurance. For example, if you're selling your products to a buyer in Europe based on CIF terms (Cost Insurance Freight) you must pay for international transport plus shipping insurance. If you're importing merchandise from Asia based on FOB terms (Free On Board) it means that the seller is responsible for the goods until they get loaded on board at the port of origin. If anything happens to the cargo during the overseas transit - the seller won't be responsible for it. Your company already paid for the merchandise which may never arrive. It would be wise for the importer to purchase transport insurance to cover the risks of loss or damage.

If you're a private party moving household goods from one country to another the question about buying shipping insurance or not shouldn't even come up. Your personal items, furniture, art, cars, motorcycles, motorhomes, boats, etc are your investments that may not be easily replaced. Having your assets protected gives you a peace of mind.

View pictures of damaged cargo and sinking ships

Transportation Insurance | Ocean Cargo Insurance | Air Freight Insurance for International Shipping of Commercial Cargo, Industrial Products, Cars, Boats, Household goods

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Transportation Insurance | Ocean Cargo Insurance |
Air Freight Insurance
for International Shipping of Commercial Cargo, Industrial Products, Cars, Boats, Household goods