This specialized insurance provides coverage for rejection or condemnation of the goods or cargo by government, port, health or veterinary authorities.
Typically the cover is sought for seafood, meat and certain agricultural produce.
Cover is normally arranged for a sea voyage from port of departure to port or place of destination and terminates on arrival at warehouse or store.
Period of cover can be extended for an inland transit or until the goods have been passed as fit by the government of the country of import.
Normally the goods need to be produced, prepared and packed in accordance with regulations of country of origin and inspected as fit prior to commencement of risk.
There is virtually nothing too large that cannot be transported. Generally anything that cannot be sent by container or other conventional method is categorized as a project cargo. They often involve heavy objects, over a ton in weight or large, long or awkward objects.
Very often plant and equipment is assembled and then loaded onto special transport platforms for movement sometimes short distances other times over continents.
Other examples are boilers, generators, turbines, reactors, boilers, engines and machinery, vessels, trains and military equipment.
All these items can be covered for movements by any conveyance on all risk conditions including storage and installation. Coverage can be extended to include loss of anticipated earnings or profit and expenses including delayed startup expenses.
We are familiar with London and International markets and can offer comprehensive terms and a responsive and knowledgeable claims service. Whether you seek full or limited cover, including or excluding terrorism risks, we can offer specific help.