Marine Insurance for Nvocc

NVOCCs issue house bills of lading and consolidate cargo — from garments and home textiles to engineering goods and mineral powders — under their own carriage terms, while the underlying shipper often has no idea that carrier liability under the Hague or Hague-Visby Rules is capped per package or per kilo, nowhere near full commercial value.

An NVOCC consolidating LCL cargo out of Nhava Sheva for multiple small exporters had one consignment of ceramic tableware crushed during handling. The shipper filed a claim expecting full invoice value; the NVOCC's liability under its house bill terms was limited to a small per-kilo amount, and the shipper was left disputing the shortfall directly with the NVOCC's local office.

CargoCover works with NVOCCs to make a cargo-owner's Marine Open Cover policy available to every shipper booking space — 110% CIF under ICC A, with War and SRCC included — so the shipper's protection isn't limited by the NVOCC's own package-liability cap. This is offered as a companion product at booking stage, reducing disputes that otherwise land on the NVOCC's desk.

• A marine cover option for shippers that goes well beyond package-liability limits
• 110% CIF Open Marine Policy with ICC A, War and SRCC as standard
• Cover suited to LCL and FCL consolidation across mixed commodities
• Reduced claim disputes against your house bill of lading terms
• Fast shipment-wise declarations that fit consolidation schedules
• Support across Nhava Sheva (JNPT), Mundra, Chennai, Tuticorin and Kolkata

Most shippers don't read the liability clause on a house bill of lading until after a claim is denied or capped. Making a dedicated marine policy available at booking protects the shipper and keeps the NVOCC out of a dispute it isn't contractually meant to fully absorb.

1. Share your NVOCC client base, commodity mix, and current referral/insurance setup (if any)
2. Free premium benchmarking against current market rates
3. Cover structured with the specific extensions your NVOCC clients actually need
4. Pre-sailing declarations and dedicated claims support, handled directly with your team