Cargo Insurance Certificates: Essential Insights for Sellers

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We all know that sea shipping is prone to unpredictable risks associated with the ocean. These could include bad weather, piracy, and accidents at sea, which can adversely affect cargo transportation.

At the same time, however, the sea routes are equally crucial for businesses to ship internationally and transport products to a global marketplace. Therefore, they need measures to mitigate financial loss in case of disaster, and it’s becoming all the more vital for businesses to invest in cargo insurance certificates to safeguard their supply chains and avoid disappointing their end customers with delays, shortages or unavailability of products in the market.

Cargo Insurance Certificates
What is a Cargo Insurance Certificate?
In certain cases, exporters or importers may not prefer to insure every shipment chile phone number list separately. Still, they decide to sign an insurance contract for a specific period of time, like one year. During this insurance period, all exporter shipments are covered with cargo insurance. These periodic insurance contracts are also called open cover.

In a scenario where the exporter who opts for open cover insurance needs a cargo insurance certificate for a particular shipment, the insurance firm issues the same.