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MARINE CARGO INSURANCE ON AN OCEAN FREIGHT SHIPMENT 

The majority of international ocean freight shipments shipped with international shipping companies arrives to destinations free of damage and loss.

However, shipper should be aware that international ocean freight carriers in general are liable up to $500 per customary shipping freight unit (i.e. box, skid, pallet etc). Also direct international ocean carrier's (Steam Ship Lines or direct international ocean freight  company's) liability may be limited up to $1500 per entire international ocean freight shipment.

If you would like to get an extra protection for your valuable shipment from the USA, then we can obtain an Insurance Certificate issued by a Maritime Cargo Insurance provider(s) to consignee's (recipient's) name on your behalf.

Note: If you need us to get an insurance certificate to a consigner's (shipper's) name, then it must be specified separately in email.

IMPORTANT:

  • In case of insurance claim related to an international ocean freight shipment from the USA, the claim will be processed by an Insurance Company's Claim Settling Agent located in the country of destination. Complete contact info of Claim Settling Agent is available in the Insurance Certificate. 
  • If an international ocean freight shipment is not insured then all claims are to be directed to the steamship line (direct carrier, international ocean freight shipping company), i.e. owner of the vessel used for your cargo export from the USA.

Typically, depends on commodity, for international ocean freight shipments insurance rates vary by type of service:

I. Economy LCL seafreight service:

  • Commercial international ocean freight shipments proof packed: $2 per $100 (2%) @ insured value declared
  • Commercial international ocean freight shipments self packed: $3 per $100 (3%) @ insured value declared
  • Boxed or crated personal effects shipped using international ocean freight service: $3 per $100 (3%) @ insured value declared

II. FCL seafreight service:

  • Commercial freight with insured value up to $25,000 -- 1.5% @ value declared
  • Commercial freight with insured value up to $50,000 -- 1.3% @ value declared
  • Commercial freight with insured value up to $100,000 -- 1.1% @ value declared
  • Commercial freight with insured value above $100,000 -- please request an insurance quote in a separate email in advance.
  • Household goods and personal effects, regardless of total value declared -- 3% @ insured value declared

III. Shipping cars and other types of vehicles in containers or RO-RO:

  • Vehicles with insured value up to $25,000 -- 1.5% @ insured value declared
  • Vehicles with insured value up to $50,000 -- 1.3% @ insured value declared
  • Vehicles with insured value up to $100,000 -- 1.1% @ insured value declared
  • Vehicles with insured value above $100,000 -- please request an insurance quote in a separate email in advance.

$50 minimum per insurance certificate. Deductibles, as a rule, vary from $300 to $500.

IMPORTANT: In order to obtain an insurance certificate on your international ocean freight shipment, a Commercial Invoice (for commercial shipments) or detailed Valued Packing list (for international personal ocean freight shipments) must be submitted in advance. (DOES NOT APPLY IF SHIP VEHICLES).

You may email or fax this document to us OR fill it out online and submit via this link --http://containers.internationalshippingusa.com/pack_list.aspx. This link will be also sent to you in email with our shipping instructions for your international ocean freight shipment upon your booking request in our website.

If you request to insure your international ocean freight shipment at a time of booking, then the insurance premium should be added to our final invoice and a Maritime Cargo Insurance provider's insurance certificate be attached in PDF file to the final invoice.

Otherwise you may purchase insurance on your valuble international ocean freight shipment through any maritime cargo insurance agency of your choice.


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