Insurance of goods during maritime, land or air transport against loss and damage.
Cargo insurance covers goods during transport against loss and damage, from the point of departure to the destination, including handling and intermediate storage phases. It protects the cargo owner independently of the ship carrying it, and applies to maritime but also land and air transport in an end-to-end supply-chain logic. The standardised London market clauses, the Institute Cargo Clauses, structure its cover levels. This line is sensitive to supply-chain disruptions, the accumulation of values in major ports and ships, and new risks such as damage from containers lost at sea or temperature-sensitive goods. For the underwriter, the nature of the goods, the routes, the transport modes and the packing conditions determine exposure, in a context of globalised flows that concentrates significant accumulations at certain transit points.
A cargo damaged by seawater during a storm is indemnified under cargo insurance, independently of the hull cover protecting the ship.
marine cargo, facultés, assurance des marchandises transportées, cargo insurance