Marine Cargo Insurance protects commercial goods against certain physical loss or damage while they are being transported.

Despite the word marine, the cover is not limited to goods transported by ship.

It can apply to goods moved by:

• Road.
• Rail.
• Air.
• Sea.
• Multiple transport methods during one journey.

Who can use Marine Cargo Insurance? #

It can be relevant to businesses such as:

• Importers.
• Exporters.
• Manufacturers.
• Wholesalers.
• Retailers.
• Construction businesses.
• Equipment suppliers.
• Businesses regularly moving valuable goods.

What goods can be insured? #

Depending on the insurer, cover may be available for:

• Stock.
• Machinery.
• Equipment.
• Components.
• Raw materials.
• Finished products.
• Specialist or unusual cargo.

The insurer needs to know the type of goods and how they are transported.

Can Marine Cargo Insurance cover domestic transport? #

Yes.

Marine Cargo policies can cover domestic Australian transits as well as international shipments.

Current Australian cargo insurers offer cover for domestic and international shipments by a variety of transport methods.

Is every loss during transport covered? #

No.

Cover depends on the policy wording and can be affected by:

• Cause of loss.
• Packaging.
• Type of goods.
• Geographic limits.
• Storage during transit.
• Conveyance.
• Policy exclusions.