Company Profile
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Marine/Cargo Insurance : What It Is and Why It Matters?

Marine or cargo insurance is a specialized insurance policy that protects goods against risks during transit by sea, air, land, or inland waterways. It minimizes financial losses from damage, theft, natural disasters, piracy, or accidents that can occur while shipping goods internationally. This insurance is essential for exporters and importers to safeguard their shipments and ensure business continuity.

Key Topic Index

  • Marine/Cargo Insurance: What It Is and Why It Matters?
  • Documents Required for Marine/Cargo Insurance
  • Benefits for Exporters and Importers
  • Frequently Asked Questions (FAQs)
  • How Make Merchant Can Help
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Documents Required for Marine/Cargo Insurance

  • Insurance Policy Document
  • Commercial Invoice
  • Bill of Lading or Airway Bill
  • Packing List
  • Importer Exporter Code (IEC)
  • Certificate of Origin (if applicable)

Benefits for Exporters and Importers

  • Protection against loss or damage of cargo due to accidents, theft, piracy, or natural calamities
  • Financial compensation to recover the value of damaged or lost goods
  • Compliance with legal and contractual requirements that mandate insurance coverage
  • Peace of mind and risk mitigation in international trade operations
  • Supports smoother customs clearance and trade finance processes
  • Enhances business credibility and competitive edge by assuring clients of secured shipments
  • Cost-effective and customizable policies to suit different shipment types

Frequently Asked Questions (FAQs)

Often yes, it is required under export contracts like CIP or CIF terms.

Marine insurance covers risks specific to goods in transit internationally by sea, air, and inland routes, providing broader protection than general cargo insurance.

Yes, policies can be customized to cover different goods, including perishables and electronics.

In event of loss or damage, claim documents are submitted for assessment and settlement by the insurer.

Make Merchant guides you through policy selection, documentation, and claims support to ensure quick certification and reliable coverage.

How Make Merchant Can Help You

Make Merchant acts as your trusted partner, simplifying the complexities of marine and cargo insurance. We assist exporters and importers in selecting the right policy, obtaining necessary certificates, and fulfilling contractual and legal requirements efficiently. Our expert brokers handle documentation and liaise with insurance providers to minimize delays, mitigate risks, and protect your shipments financially.

When you want to launch your business, Make Merchant is where it's at!

With Make Merchant, your cargo’s security and your peace of mind come first.

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We Make Merchant your one-stop solutions- Export to import, we are your support.

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Contact Info

Office Address

Address: 308, 3rd floor, bheema complex, nirman vihar , east delhi, delhi 110092