Cargo/Goods in transit insurance for importers and exporters

Evidence strongly suggests that as much as 50% of imported and exported goods, including goods in transit purely in the UK, are uninsured for loss, damage or theft.

Some importers and exporters, and also firms with goods in transit purely within the domestic market take the view that if something is lost, stolen or damaged then the freight forwarder, haulier, shipping line or airline - as the case may be – will pay.

All too often this could not be further from the truth.

Virtually all companies in the transport field are legally entitled – under their contract conditions or applicable transport law – either to totally exclude all liability for claims or to limit their liability based on the weight of the cargo, usually resulting in payment of an amount much less than the loss actually suffered.

Also, claiming against such companies is a hugely time consuming and difficult business involving areas of the law with which most importers, exporters and, indeed, most lawyers are not familiar.

Marine cargo insurance covers goods in transit – both internationally and domestically within the UK – whether by road, rail, sea or air and can include both temporary and long-term storage during or at the end of the process.

It’s a specialist area and at Bluefin we have specialist insurance staff with the knowledge, expertise and negotiating experience to help our clients enjoy the most appropriate coverage at the best price.

Bluefin Insurance Cargo/Goods in transit

Cover can be arranged either on a case-by-case or annual basis for marine cargo insurance, shipping insurance, air cargo insurance or other areas of cargo/goods in transit insurance.

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