Transportation is a big business. Every day, countless transactions are being made dealing with the delivery of goods for overseas trade; transactions that are vital to the livelihood of the parties involved.
As a result, the potential for goods being lost or damaged is relatively high and, the financial losses suffered are huge.
Marine cargo insurance is vital in international trade as it provides protection in connection with the transportation involved.
Who needs Marine Cargo Insurance?
Generally, any party involved in any type of legal international trade, transportation from port to port or supplying services of this nature requires marine cargo insurance.
These include, but are not limited to: