Shipping Cargo Insurances are insurance for damage and loss incurred by shipping goods or goods transported from one location to another by means of marine, air or land vehicles. Commodity Transport policies are expedition-based policies.
It starts with the shipment of the goods to the transport vehicle for shipment, and ends with delivery to the final buyer at the destination on the policy, provided that it includes customary transfers.
Depending on the type and transportation of the commodities being transported, assurance is provided for many risks ranging from damage to the goods with the transport vehicle to losing all value, to impact, tipping, collision, tipping, partial damage, with options from full loss, wide and narrow deposit options.
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