Protect your goods in transit with air cargo insurance

We help businesses transport their goods safely and securely through our comprehensive air cargo insurance coverage.

If your carriage of airfreight involves an ultimate destination or stop in a country other than the country of departure, the Montreal Convention or the Warsaw Convention may be applicable to the liability of the Carrier in respect of loss, damage or delay to cargo (as stated in IATA requirements for carriage on AWB -AirWayBill/Condition of Contract). Limit of liability under the Montreal Convention is SDR 22.00/kg (SDR– Special Drawing Rights).

For carriage to which the Montreal Convention does not apply, Carrier´s liability limitation for cargo lost, damaged or delayed shall be 22 SDRs per kilogram unless a greater per kilogram monetary limits provided in any applicable Convention or in Carrier’s tariffs or general conditions of carriage.

In case the value of the goods (declared value of the goods) are higher than 22 SDR/kg and the Customer needs higher insurance for the shipment, please contact to our staff for extra insurance arrangements.

 

a large cargo jet flying through a blue sky with green container on the top
Benefits of air cargo insurance
Covers a wide range of potential risks
Covers a wide range of potential risks, from damage to theft
specific needs
Can be tailor-made to suit your specific needs
peace of mind and protection for your investment
Offers peace of mind and protection for your investment
Provides financial security
Provides financial security in the event of an incident
Key points
Open cover cargo policies

Open cover cargo policies provide coverage against a variety of consignments selected by the insurance holders. There are two types of these policies: renewable and permanent. After the expiration of the policy, the former must be renewed for a specific amount, while the latter covers countless shipments within a specified period of time.

Specific cargo policies

This usually involves the shipping company contacting an insurance broker or agency to obtain coverage for a particular shipment. When coverage is made for a specific cargo, it falls under the category of specific cargo benefits.

Contingency cargo policies

In certain consignments, the receiver is responsible for the cargo’s safety and must insure it against loss and damage. The problem arises when the receiver does not insure it and refuses to accept the package when it gets damaged during transit to avoid liability. A contingency cargo policy protects sellers or senders in such cases.

FAQ

Insuring air cargo isn’t like insuring other goods. The cost of your air cargo insurance policy will depend on a variety of factors including the type of goods you are shipping, the value of the shipment, and the destination. Our expert team will assist you in finding the best policy for your needs and provide an accurate quote based on those factors.

Absolutely! Our air cargo insurance policy covers a wide range of events, including war and civil unrest. So if something were to happen to your cargo due to one of these events, you’ll be covered. With our policy, we make sure your cargo is always protected from unexpected circumstances beyond your control.

Common exclusions in air cargo insurance include pre-existing damage, inadequate packing and labeling, improper addressing, defective product design and manufacture, illegal trade or acts of terrorism. It’s important to read through your policy closely to understand all the exclusions before you purchase a policy.