Insurance for All Types Of Cargo

Cargo Movers is a Chinese freight forwarding company that helps customers to purchase marine cargo insurance. We help our customers to transport cargo with peace of mind in a low-cost and fast way, and issue formal insurance documents. Our company was founded in 2006, the agent of sea freight, air freight, express, train and truck transport, has 17 years of experience in export transport, is a good partner for overseas buyers, and always adhering to the "first-class quality of service, first-class efficiency, first-class company reputation" for the purpose of business, to "" integrity, dedication, innovation, progress. Integrity, dedication, innovation and progress" spirit of enterprise to carry out business.

Loss of goods transported by sea, also known as sea loss, refers to the loss of goods in the process of sea transport due to the risk of the sea, sea loss also includes the loss of goods in the process of land transport and inland waterway transport connected with sea transport. Sea loss according to the degree of loss can be divided into total loss and partial loss. Total loss, also known as total loss, refers to the loss of all insured goods, actual total loss and presumptive total loss. Actual total loss refers to the total loss or deterioration of the goods and no longer has any commercial value. Presumptive total loss means that the goods have been damaged by the risk and, although not to the extent of actual total loss, the actual total loss is unavoidable, or the sum of the cost of avoiding the actual total loss and the cost of continuing to bring the goods to the place of arrival exceeds the insured value. The presumption of total loss is subject to verification by the insurer. A partial loss is a loss that is not an actual or constructive total loss. According to the cause of loss, it can be divided into common sea loss and separate sea loss. When a ship, cargo or other property encounters a common peril during the course of ocean transport, the special sacrifices and special expenses incurred as a direct result of the intentional adoption of reasonable salvage measures in order to relieve the common peril are referred to as common sea loss. After the ship has suffered a common sea loss, all the sacrifices and expenses within the scope of the common sea loss can be calculated through the common sea loss and apportioned proportionately by the relevant rescued beneficiaries (i.e., the ship, the cargo and the freight earners) in accordance with the value of the rescue, and then claimed from their respective insurers. The factors involved in the apportionment of common sea losses are complex and are generally adjusted by specialised loss adjusting institutions. Losses that are not of the nature of a common loss and do not reach the level of a total loss are referred to as separate losses. This loss involves only the loss of the ship or cargo owner's unilateral interest. According to the cargo insurance regulations, total loss and common sea loss due to marine risks are covered by the insurer regardless of the type of cargo insurance policy. In the case of a constructive total loss, as the goods are not lost in their entirety, the insured has the option of claiming either on a total loss basis or on a partial loss basis. In the case of a total loss, the insured shall submit a notice of assignment to the insurer". Ownership of the salvage subject matter is delivered to the insurer and, upon acceptance by the insurer, is compensated on the basis of total loss.

What is Cargo Insurance?

Cargo and freioht insurance is essential when shipping goods anywhere in the wond. Cargo lnsurance is a shipper's insurance policcovering one or multiple cargo shipments by air, rail, land or sea. Cargo insurance is the only way to truly protect your goods.

Who is freight protection insurance suitable for?

Freight insurance is suitable for all domestic shippers, importers, and exporters.

What items can I insure?

Usually the following items are the most commonly insured items; expensive jewellery, cars, motorbikes, electronics, computers, fragile goods, food and plants.

Do I need Marine Cargo Insurance?

With the cross-border nature of trade, comes with certain risks. Insurance coverage is critical for companies dealing with freight forwarding, shipping, trading or manufacturing to safeguard their investment in goods for domestic and international shipments.

For all companies, whether in Hong Kong or worldwide, our Marine Cargo Insurance policies allow for the smooth day-to-day running of your business by providing the financial security of being covered against potential losses which may occur during air, sea or land transportation.

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