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Marine Cargo Insurance

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Marine Cargo Insurance
Insurance covering loss or damage to goods in transit.

Marine Cargo Insurance
An insurance policy that protects the buyer of a good being transported over water from the loss of that good. Most of the time either the buyer or the seller is required to purchase marine cargo insurance (or at least to assume the risk of transit); their specific agreement determines which one is responsible. See also: Incoterm.


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Expeditors The company maintains marine cargo insurance for International of losses attributable to missing or damaged shipments Washington Inc.
We are also able to provide customers with Shariah-compliant marine cargo insurance through SABB Takaful," he added.
Marine cargo insurance has been known for centuries as one of the essential services in world trade.
 
 
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