Industry Knowledge
Guide to Cargo Insurance for International Shipping
Insurance8/5/202678 views
Insurance Types
- FPA (Free from Particular Average): Covers total loss only
- WPA (With Particular Average): Covers partial losses
- All Risks: Most comprehensive coverage
Insured Amount
Typically 110% of cargo value to cover expected profit.
Claims Process
Notify insurance company and carrier immediately after incident, preserve all evidence, submit claim application.
Key Considerations
Read policy terms carefully, understand exclusions. Special cargo may require additional coverage.
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