International insurance cargo provides protection against risks and liabilities associated with the transportation of goods across borders. It is designed to
cover the value of the goods and any potential losses or damages that may occur during the transit process.

Types of International Insurance Cargo:

Ocean Cargo Insurance: Covers goods transported by sea, including ocean
and coastal shipments.

Air Cargo Insurance: Covers goods transported by air, providing protection
against risks such as aircraft accidents, weather damage, and mishandling.

Inland Marine Insurance: Covers goods transported by land, including rail,
road, and inland waterways.

Coverage Provided by International Insurance Cargo:

Physical loss or damage: Protection against loss or damage to goods caused
by events such as fire, theft, natural disasters, or accidents.

Delay or non-delivery: Coverage for financial losses incurred due to delays
or non-delivery of goods.

General average contribution: Protection against the insured's share of
expenses incurred in a general average situation (e.g., salvage costs).

Sue and labor expenses: Coverage for reasonable expenses incurred to
prevent or minimize losses covered by the policy.

Benefits of International Insurance Cargo:
Financial protection: Provides financial compensation for losses or damages to goods during transit.

Peace of mind: Gives businesses and individuals peace of mind knowing
that their goods are protected against potential risks.

Compliance: May be required by contracts or regulations for international
shipments.

Global coverage: International insurance cargo policies can provide
coverage for shipments worldwide.

Specialized coverage: Policies can be tailored to meet the specific needs of
different types of goods and modes of transport.

Factors to Consider When Purchasing International Insurance Cargo:
Type of goods: The value and nature of the goods being shipped.

Mode of transport: The specific mode of transport used for the shipment
(e.g., sea, air, land).

Destination: The country or region where the goods are being shipped to.

Policy limits: The maximum amount of coverage provided by the policy.

Deductibles and exclusions: The amount that the insured is responsible for
paying in the event of a claim, and any exclusions that apply to the policy.