Every year, trading companies, importers and exporters transport more than 11 billion tonnes of cargo overseas. This calls for a customised insurance cover to ensure that your goods are covered against all potential risks you may encounter when transporting overseas. Therefore, each enquiry requires dedicated care when assessing if a transaction’s contractual terms fully align with its insurance. What also would need to be assessed are the risks tied to all transportation beyond overseas transport, such as potential risks regarding barge, road or rail transportation or storage. The IMCO terms and conditions, which set out the rights, obligations and liabilities of all parties involved in the transaction, are typically included in a cargo transaction. Hence why it is recommended that these be seamlessly integrated with your insurance coverage. Don’t hesitate to contact our team to learn how we can help you with your cargo insurance.
Cargo
