Marine Cargo

Marine Cargo policies cover physical loss or damage to goods and merchandise that are shipped by various types of carriers; i.e., rail, air, water, and motor truck. Besides just covering goods while in transit overseas, the coverage form can be broadened to cover the goods while temporarily stored at international and domestic warehouses, while being shipped domestically or while at a domestic or foreign processor. Marine Cargo coverage is tailored to meet the needs of each customer.

Marine Cargo policies are a necessary part of the shipping industry. Without Cargo coverage, international transactions would not take place. When a bank finances the purchase of goods, the buyer is required to provide evidence of adequate insurance for the loan prior to any advancement of money. Once proof of adequate insurance has been given to the bank, the shipment of the goods can commence. Ocean Cargo insurance typically protects the interests of the bank, the seller of the goods and the buyer of the goods.

Who Needs It?

Any individual or any entity with a financial interest in goods or merchandise being shipped internationally needs Marine Cargo insurance. Typical policyholders include:

• Multi National Companies
• Wholesalers and Distributors
• Manufacturers and Processors
• Shipping Companies
• Importers/Exporters
• Logistic and Intermodal Freight Transportation Service Companies

CM&F Group offers Marine Cargo Insurance with underwriting specialists who take pride in understanding each customer's exposures and designing a cargo policy tailored to reflect that customer's specifications. Our industry leading standard coverage form, which offers coverage against all risks of physical loss or damage (subject to certain exclusions), and a vast portfolio of coverage enhancements, gives us flexibility that is unparalleled in the insurance industry.

For more information about our Marine Cargo Insurance policies and options and/or an application please contact CM&F Group at 1-800-397-3008, ext: 346 or via email at "Contact Us".