Single Transit cover is for ‘one off’ consignments of goods within Australia. This policy is issued for a single journey.
This is an annual policy where premiums are based on the estimated value of the goods in transit per year.
This is the most convenient method to cover inland transits or exports to FOB point.
This cover is designed to protect the carrier who operates using approved consignment notes or other contracts of carriage against their liability, in terms of these contracts, for loss or damage to their customer’s goods.
The premium is calculated based on estimated gross freight earnings and the premium will be adjusted annually.
The cover is provided to the carrier with the ability to have commercial settlements made to their customers for loss or damage to their goods.
This policy offers two levels of cover:
Annual Marine Cargo offers cover for Cargo for loss or damage during import, export and within Australian transit.
Policies can also include stock and equipment at exhibitions or while on display.
Single Marine Cargo Insurance provides insurance cover for ‘one-off’ import or export shipments.