Ocean Cargo


Goods that are exported are covered by Marine Cargo Insurance. There are two general types of

ocean cargo insurance policies in use today, the more important of which is the Open Cargo

Policy. Designed for the frequent shipper, it covers all the shipments that the shipper or assured

is obliged to insure by virtue of the terms of sales contract, as well as all shipments that the

assured has agreed to insure in writing prior to the attachment of the risk. The policy is tailor-made

to meet the needs of the insured. For those who need for domestic transportation, supplementary

coverage of Inland Marine is also available.

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