Marine Export-Import Insurance
Ship Smarter, Trade Worry-Free, All Year Round
Continuous Shipment Coverage
Multi-Trip Open Policy
All-Risk & Basic Plans
Handling & Transit Protection
Quick Claims Assistance
Global Trade Compliance
Ship Smarter, Trade Worry-Free, All Year Round
Continuous Shipment Coverage
Multi-Trip Open Policy
All-Risk & Basic Plans
Handling & Transit Protection
Quick Claims Assistance
Global Trade Compliance
Marine Export-Import Insurance protects your goods while they're being transported between countries. It covers your cargo from potential losses or damages caused by accidents, natural disasters, or handling issues during shipment.
This type of insurance is often called an open policy or floating policy because it provides continuous coverage for multiple shipments throughout the year saving you from the hassle of buying separate policies for each consignment.
It is especially useful for exporters, importers, logistics companies, and trading firms that regularly move goods internationally. With the right coverage, you can stay financially protected from unexpected incidents such as fire, explosion, theft, or collision while your cargo is in transit.
An export-import insurance policy is essential for companies involved in international trade. It provides financial protection and ensures smooth business operations. Here's why it matters:
Goods transported over long distances are exposed to risks such as theft, fire, accidents, or natural calamities. Marine insurance ensures that such losses don't lead to major financial strain.
This insurance helps businesses manage potential risks effectively by covering a wide range of scenarios from damage during handling to loss in transit.
In global trade, many shipping and logistics contracts require companies to have marine insurance. Having valid coverage helps you comply with these regulations and build trust with partners.
Marine export-import insurance offers different coverage options to suit your business needs:
Offers comprehensive protection against most perils during transit.
Covers only specific risks mentioned in the policy (limited coverage).
Marine export-import insurance provides coverage for various financial losses during international transit. It protects your cargo against common risks that may occur during transportation.
Fire or explosion
Overturning or derailment of vehicle
The collision between two vehicles
Discharge of cargo at port of distress
Jettison
Washing overboard
Lightening, earthquake or volcanic eruption during transit
Damage to goods during loading and unloading
Damage to goods during handling of goods in transit
Malicious damage or theft
Hijack of goods
Common Questions About Marine Open Insurance Policy
BuyVima answers the most common queries to help you understand Marine Open Insurance before choosing.