Cargo Insurance
Cargo Insurance
Vinayak Cargoes provides service to protect your goods in transit against loss, damage, or theft during international shipping by sea, air, or land. It is your crucial financial safeguard, as the liability of shipping carriers is often limited. The insurance can be purchased directly from us.
Export cargo insurance is categorized by the Institute Cargo Clauses (ICC), with varying levels of protection.
- ICC (A): All-risk coverage. This is the most comprehensive policy, covering all risks of physical loss or damage from external causes, unless specifically excluded. This includes perils such as fire, explosion, sinking, collision, and natural disasters.
- ICC (B) and ICC (C): Named perils coverage. These policies offer more limited coverage, protecting against only specific, listed risks, such as fire, explosion, sinking, and collision.
- Optional add-ons: Policies can be extended with additional clauses to cover specific risks, including:
- Theft, pilferage, and non-delivery.
- War, strikes, riots, and civil commotions.
- Customs duties.
- Specialized coverage for high-value, hazardous, or perishable goods.
