Cargo shipping insurance

Cargo shipping insurance

Cargo shipping insurance is providing protection against loss of or damage to your goods while they are being transported. The policy is meant to protect you if there is any loss or damage to your cargo. Cargo insurance would cover the goods while they are being transported over sea, air and land (includes parcel post and carryings by courier service).
Although the term “marine cargo insurance” is sometimes used, it actually includes cover for the land transit commencing from the moment the goods leave the storage until they arrive at the final facility.

Insurance Coverage:

All Risk – Covers against damage from physical, external cause including partial damage, theft and catastrophe.
Total loss – This policy covers entire shipment against total loss.

Insurance cost and coverage:

The standard insurance practice is to cover the invoice cost + freights + percentage of the anticipated profit (10% to 20%).
The cargo policy can be issued on a “pay-as-you-go” basis. The shipments can be reported monthly to the company and billed at the end of each month.
Single voyage policy and open cover.
Single Shipment is is the most popular form of shipping insurance cover.It offers coverage from the time the cargo leaves the origin, while it is in transit and until it reaches the destination.
One time Policy, as its name implies, offers coverage for a particular transit for which it is purchased.

Open Cover:

An Open Cover is an agreement between the insured and the insurance company to insure all the shipments which fall within the terms and conditions agreed by both parties.
These terms and conditions are agreed in advance and include details of voyages, maximum value of cargoes carried in any one shipment, nature of cargo and packaging and rates applicable. The insured would then have to declare his shipments to the insurer on an individual or monthly basis.
The shipment is automatically covered as long as the details of the shipment comes within the terms and conditions of the open cover agreement.

Our Mission:

To deliver cost effective Freight Insurance rates together with superb customer service in order to achieve long term relationships with our clients.

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LCL – less than a container load

Optimize Cargo Volume & Minimize Ocean Freight Costs with LCL

We offer LCL service for you, if you don't have enough cargo to fill an ocean freight container, We can offer you space within a container that is shared with other customers’ goods to deliver economical usage-based costing.
Why waste time and wait for a full container? LCL keeps goods moving in your supply chain because you can send them as soon as they are ready.

• Receipt of customer’s cargo at the origin;
• Consolidation of customer’s cargo with cargo from similarly situated merchants;
• Professional documentation support;
• Ocean shipment;
• Deconsolidation at destination and release to consignee.

We provide LCL service that features:

• Competitive pricing;
• Shipment visibility;
• Network coverage;
• Frequent sailings with fast transit times;
• Reliability and on time deliveries.

LCL service can be effectively combined with these service offerings a complete solution:

• Effective management of vendors and goods prior to shipment;
• Transportation of shipment and delivery to consignee following deconsolidation at destination;
• Freight insurance;
• Transportation of goods and consolidation;
• Entry and clearance Customs Brokerage services.

Our LCL service is unique because it adheres to outstanding service, money and time saving.

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Mandatory documents

Mandatory documents:

• Bill of Lading – Ocean Carriers transport document. Shows cargo routing, consigner, consignee, cargo description, etc.
• Commercial Invoice - complete description of commodity being shipped.
• Packing List - detailed inventory list with value assigned to each item being shipped. Breakdown description: pieces, weights and packing materials. (Examples - Wood Pallets, Skids, Crates, Boxes, Dunnage, Straw Packing, etc.)
• Fumigation Certificate – Certification that cargo and packing materials were fumigated after cargo had been containerized and is free of Infestation

Notice: some courtiers require proforma commercial invoices for personal shipments as well.
In respect of U.S. Customs, all the mandatory documents - Commercial Invoices, Packing Lists must be in English and show:

• Value of cargo in US Dollars (exchange rate = date of export);
• Shippers full name and address (M.I.D. – manufacturer’s identification);
• Consignee full name and address;
• Detailed description of cargo/freight;
• Quantity of cargo shipped;
• Weight of cargo shipped;
• Cargo’s Country of Origin.

Additional documents depending on commodity and country of origin:

Special Documents dependent on commodity and country of origin:

• Visa
• Quota
• Visa/Quota
• Certificate of Origin
• North American Free Trade Agreement Certificate of Origin (N.A.F.T.A.)
• Packing Declaration
• Dangerous Goods Declaration – hazardous materials
• Fish and Wildlife Declaration
• Consular Legalized documents

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FCL & Three methods of sea freight containers stuffin

FCL – full container load for shipping goods

FCL or “Full Container Load” is an abbreviation for Import and Export cargo. FCL is used to describe a sea freight service that is designed for ocean freight shipments of cargo where shipper has exclusive use of sea freight multimodal container. In general sea freight containers are loaded and sealed by shipper at the shipper's facility. The cargo has to fit in the containers dimensions in order to be shipped as FCL. Once loaded and sealed the cargo is transported by ocean, rail and/or truck directly to the point of final destination. Shipping goods FCL is more cost effective and safe then using other sea freight services such Ro-Ro or Break-Bulk.

FCL usually is the best option in order to make your Import or Export shipment cost efficient.

Unlike using a service provided by International Moving Companies (most of the time when you relocate overseas), which would pack and load all your stuff in a sea freight container; when using FCL ocean freight service from an International Transportation Company (or arranged by a Freight Forwarder), the International Transportation Company will just deliver the container for the load to your door. You have to load and secure your good in the sea freight container. Trucker will wait for two hours for free. Then that sealed sea freight container will begin its international trip to the nominated destination. You (or your consignee/recipient) are held responsible to meet the ocean freight container at the destination.

If you ship a regular cargo by sea, we suggest planning your sea freight shipment by using one of these most common way of shipments for multimodal sea freight containers.

Three methods of sea freight containers stuffing:

1. "Live load" - means that trucker will deliver an ocean freight container to your location and wait while you load, secure and seal the container for the international shipment. Free loading time may vary but usually is from one to two hours. If the free time is exceeded, then will be a surcharge for each additional hour of loading time average $75 per hour for.
2. "Drop and pick" - means when the ocean freight container will be delivered and left your location for several days. When the cargo is loaded and ready it will be picked up , secured and sealed sea freight container company's container yard (CY) for the international trip by sea. Shipping this way the total shipping cost of you international shipment by sea, is higher then ‘Live Load” - the inland part of the shipping cost generally costs twice as much as with 'live load'. However, 'drop and pick' has the advantage that shipper can take a time on loading and securing commodity in the sea freight container.
3. FCL – full container load for shipping goods - the shipper arrange and delivers loose cargo to an bonded warehouse or to a loading dock of company, which specialize in quality loading of cargo into sea freight containers. Once goods are received and accepted by the ship terminal, it will be loaded and secured in the ocean freight container. Then the sealed sea freight container will be delivered it to the ocean carrier’s Container Yard (CY) assigned for your international shipment.

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Cargo consolidation

Cargo consolidation

Combining Cargo of many consignees into one lot and then prepare it for shipping is better known as consolidation in the freight industry. This includes sea, air and road freight. Consolidation service typically involves the cargo transportation to the stuffing point, stuffing of cargo in container, custom process of shipping documents, and finally re-packing if necessary for delivery.
Combine Cargo follow all the customer requirements in the shipping instructions given to us and take care of the cargo warehousing, securing and loading in to the container. Consolidation can significantly reduce the cost of moving smaller volumes of goods by moving the goods together. The client enjoy the low shipment saving cost.

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FAQ

What is the minimum weight for Air Cargo?

Q: What is the minimum weight for Air Cargo?

A: The minimum weight we recommend is 45kg, less than that we recommend to be shipped via DHL, FedEx, USPS etc....

Q: I cannot understand all the charges for the air cargo.

A: Please check in our website Airfreight conversion calculator – it will help you with the estimate price. Please be aware cargo size, length, depth, height, weight, volume. The price depends on the cargo distance from the airport and the exact cargo dimensions.

Q: What is the air cargo limit?

A: We can ship anywhere from 100kg to a whole vehicle.

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