Ship happens

Upgrading your cargo insurance strengthens client relationships and offers peace of mind to all.

Exim offers marine insurance through a broker, with instant quotes on most cargo types and destinations. Premiums are a fraction of the replacement cost of a cargo and add value to your shipment.

More about marine insurance

Despite the name, marine insurance can cover the loss or damage to goods being transported either by sea, air, road and rail transport.

Why you need it

If you don’t seek cargo insurance for international transport, you may only receive a fraction of the goods’ real value in the event of a claim due to limited liability.

Exim offers marine insurance policies via a broker providing it as an added value service that really is an essential in a lot of cases.

Did you know?

According to the World Shipping Council, more than 1500 containers were lost at sea in the year 2020-21.

Check the terms

Many people assume, often incorrectly, that Incoterms include sufficient cover or define who pays for it. Neither can be taken for granted.

It is important to check the terms of your shipping contract and determine whether insurance is or is not included and the level of cover.

Get the right cover for your cargo

Most cargoes are easily insured and Exim can provide a quote via its insurance broker portal in minutes.

It is important to consider the value of the cargo, the origin and destination and mode of transport as all will affect the final quote and the premium payable.

Did you know?

Cargo theft is the greatest risk to road haulage cargoes. In any incident, the involved supply chain costs six times the cargo value through costs of product replacement, accident handling, increased insurance premium, loss of sales, and negative impact on business reputation. (Journal of Reliability Engineering and System Safety)