Marine cargo insurance coverage is important to protect your goods from exposure to risks during transit. Freight forwarder cargo insurance can help you avoid catastrophe and minimize the potential losses and collateral damage to your business if something undesirable happens to your cargo during transit. Here’s what AIR 7 SEAS international cargo insurance offers to help you mitigate the risk involved during transportation:
(FPA - Total Loss) / (FPA with average - Basic risk) Coverage
With our total loss coverage type, you can cover a total loss or damage to the entire shipment because of any natural calamities or accidents during transit. The FPA’s coverage is available for all your goods, irrespective of the conditions. Total loss insurance type covers products that are packed by professionals, non-professionals, and products packed from your end.
Risks Covered : AIR 7 SEAS cargo insurance can help cover your shipment under natural disasters like earthquakes, floods, fire, lightning, stranding, cyclones, sinking, and hurricanes. The risk cover includes undesirable incidents like sprinkler leakage, jettison, overturning, or other accidents to the truck, trains, boats, or planes, derailments, and collisions.
All Risk Coverage
The second type of cargo insurance offered at AIR 7 SEAS includes insurance cover for a partial or total loss and damage of your goods while in transit from any external cause. We offer the broadest all-risk coverage plans when compared to other offers in the industry. With few exclusions and cost-effective prices, we offer the best all-risk coverage insurance deals for your cargo’s safety. However, in order to get the cargo insured under All Risk, the cargo has to be packed professionally.
Cargo Insurance Risks Coverage - Comparison
|S.No.||Loss Caused By or Resulting From||All Risks||FPA (Total Loss)*|
|5||Faults or errors in management of the vessel||Yes||Yes|
|6||Bursting of boilers||Yes||Yes|
|7||Latent defects in hull; or machinery||Yes||Yes|
|11||Seawater as a result of heavy weather||Yes||No|
|13||Improper stowage by the carrier||Yes||No|
|14||Hook damage, mud and grease||Yes||No|
|15||Theft of an entire shipping package||Yes||No|
|16||Non-Delivery of an entire shipping package||Yes||No|
Why AIR 7 SEAS?
in the business
We have over 40+ years of experience and knowledge of shipping lines serving with required certifications. We understand the minute details and requirements of the ocean freight shipment industry and strive forward to deliver the best experience to our clients.
We also arrange to provide security customs bond for single entry or full year validity
Single entry customs bond
The single entry bond is a particular type of customs import bond that guarantees all the required taxes, duties, and fees are paid to U.S. customs during the import of your goods.
FDA rejection coverage
We also offer FDA-rejection coverage in case your shipment gets detained in violation of FDA laws and regulations. It can help you cover the financial losses for your destroyed or explored shipment.
In-transit storage coverage
Our in-transit storage coverage extends to the temporary storage of your goods during the normal course of transit. It can help you avoid loss or damage during the storage process during the transit of goods through the rail, road, sea, or air routes.
Carnet insurance bond
We can provide a carnet insurance bond, which helps you recover both the payment of duties and taxes and the cost of the goods in the case of theft on a carnet.
Continuous customs bond
We also provide you with a continuous customs bond that covers all your shipments that are imported within one year once you purchase the continuous bond. The continuous import bond can help you through the repeated process of single-entry bonds for your shipments.
The free-on-board coverage implies that we’ll cover your goods until your shipments are placed on the vessel as desired by the buyer. The marine insurance covers FOB shipping, which means delivering FOB freight using a particular route specified by you.
We help you cover the transportation costs to the different exhibitions, expositions, trade shows, etc. It can minimize the hassles and troubles of safe and secure transportation of products nationally and internationally.