Cargo Insurance

It is a primary obligation under every international sale of goods contracts that either the seller or the buyer will have to arrange adequate insurance for the goods in accordance with the agreed shipment terms (INCOTERMS).

Cargo may be exposed to risks specific to the mode of transport and the route taken, as well as perils beyond the reasonable control of all parties to the contract, for instance:

  • Fire
  • Explosion
  • Armed robbery
  • Storm, flood and other weather hazards
  • Washing overboard in heavy sea
  • Leakage
  • General Average Claims (seafreight)

NACORA has designed a variety of simple yet comprehensive coverage solutions exclusively for its clients. We offer industry-specific insurance products to support your business during every stage of transportation and storage.

Key Cover Elements

  • All risk coverage for physical loss or damage to your goods
  • Low premium costs compared to the value of goods in transit
  • Helps customers to stay focused on their core business
  • International Conventions regulated and limit the liability of the carriers
  • Any time declaration and certificate print for annual clients

What Can I Insure

  • All commodities containerized and in bulk
  • All modes of transport
  • Combined transports
  • FCL & LCL shipments
  • Storage in the ordinary course of transit up to 30 days
  • Single (ad hoc) cover or annual policies

Benefits to the Insured

  • Expert risk analysis for your individual business
  • Professional handling of claims in-house
  • Fast payment of valid claims
  • Simple invoicing and declaration
  • Cover provided by top rated insurance markets
  • Peace of mind no matter where your cargo is