Marine Insurance for Shipping Lines

Shipping lines carry everything from bulk minerals and chemicals to containerised textiles and machinery across every trade lane out of India, under bill of lading terms that limit carrier liability to a fixed amount per package or per kilo under the Hague-Visby Rules — a fraction of what most cargo is actually worth.

A shipping line's local agent at Mundra regularly fields cargo-damage claims from exporters who assumed the ocean bill of lading meant their cargo was "insured" by the carrier. When a chemical drum shipment was damaged in heavy weather, the carrier's liability under its bill of lading terms was a small fraction of the invoice value, and the exporter's anger over the shortfall was directed at the line's local office and agents.

CargoCover partners with shipping lines and their agency network to make cargo-owner marine insurance visible to shippers at the point of booking — 110% CIF under ICC A, with War and SRCC included — so shippers understand from day one that carrier liability and cargo insurance are two separate things, reducing disputes directed at the line.

• A marine cover option to point shippers to, clarifying the limits of carrier liability
• 110% CIF Open Marine Policy with ICC A, War and SRCC as standard
• Cover across common trade cargo — minerals, chemicals, textiles, machinery, engineering goods
• Fewer liability disputes directed at your local agents
• Shipment-wise declarations that don't add work to your booking desk
• Support across Mundra, Nhava Sheva (JNPT), Chennai, Kandla, Tuticorin, Kolkata

Hague-Visby package limitation is standard in every bill of lading, yet most shippers never register that it caps the carrier's liability at a small fraction of cargo value. Directing shippers to a proper marine policy reduces the disputes and goodwill claims that otherwise fall on a carrier's local office.

1. Share your shipping line 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 shipping line clients actually need 
4. Pre-sailing declarations and dedicated claims support, handled directly with your team