MARINE CARGO INSURANCE ON AN OCEAN FREIGHT SHIPMENT
The majority of sea freight shipments shipped with international transportation companies arrives to destinations free of damage and loss.
However, shipper should be aware that ocean freight carriers in general are liable up to $500 per customary freight unit (i.e. box, skid, pallet etc). Also ocean carrier’s (SSLs, direct international transportation company) liability may be limited to $1500 per entire international sea freight shipment.
If you would like to get an extra protection for your valuable shipment from US then we can obtain an Insurance Certificate issued to consignee’s (recipient’s) name. Note: If you need us to get an insurance certificate to a consigner’s (shipper’s) name, then it must be specified separately in email.
IMPORTANT:
- In case of insurance claim related to an international sea freight shipment from the USA, the claim will be processed by the Insurance Company's Claim Settling Agent located in the country of destination. Complete contact info of Claim Settling Agent is available in the Insurance Certificate.
- If a sea freight shipment is not insured then all claims are to be directed to the steamship line (direct carrier, international ocean freight transportation company, i.e. owner of the vessel for your export from the USA) used on the shipment.
Typically, depends on commodity, for ocean freight shipments insurance rates vary:
- Commercial sea freight shipments proof packed: $2 per $100 (2%) @ insured value declared
- Boxed or crated personal effects shipped by sea: $3 per $100 (3%) @ insured value declared
- Motor vehicles exported from U.S.: $1.5-1.1 per $100 (1.1-1.5%) @ insured value declared
$50 minimum per insurance certificate. Deductibles, as a rule, varie from $300 to $500.
IMPORTANT: In order to obtain an insurance certificate on your sea freight shipment, a Commercial Invoice (for commercial shipments) or Valued Packing list (for international personal shipments by sea) must be submitted in advance. (DOES NOT APPLY IF SHIP VEHICLES).
You may email or fax this document to us OR fill it out online and submit via this link -- http://www.oceanfreightusa.com/pack_list.php. This link will be also sent to you in email with our shipping instructions for your sea freight shipment upon your online booking request in our website.
If you request to insure your sea freight shipment at a time of booking, then the insurance premium should be added to our final invoice and CNA insurance certificate be attached in PDF file to the final invoice.
Otherwise you may purchase insurance on your ocean freight shipment through any insurance agency of your choice. |