OUR SERVICES

Marine & Cargo Insurance Malaysia

At Global Track Lines, we understand the critical importance of protecting your goods during transit. Our Marine & Cargo Insurance services are designed to provide comprehensive coverage against the risks associated with maritime shipping. Whether you are shipping goods domestically or internationally, our insurance solutions offer peace of mind by safeguarding your cargo from potential losses or damages.

What is Marine & Cargo Insurance?

Marine Cargo Insurance is a specialized policy that covers the loss or damage of cargo while in transit by sea. This protection extends to cover losses due to delays, accidents, or issues during unloading. In addition to cargo protection, marine insurance also provides coverage for third-party liabilities arising from damage caused to the ship, port, or other transport forms by the insured cargo.

Key Features of Our Marine & Cargo Insurance

Comprehensive Coverage

Our insurance policy covers a wide range of risks including loss, theft, and damage during transit. This ensures that your cargo is protected from the time it leaves the warehouse until it reaches its final destination.

Third-Party Liability Protection

In addition to covering your cargo, our policy also includes third-party liability protection. This covers any damage caused to the ship, port, or other transport forms by the insured cargo, providing additional security for your shipment.

Tailored Solutions

We offer customized insurance solutions to meet the specific needs of your business. Whether you are shipping bulk goods, hazardous materials, or high-value items, we tailor our policies to provide the appropriate level of coverage.

Our Marine Cargo Insurance Coverage

As an international freight forwarder, we offer comprehensive marine cargo insurance that ensures your goods are protected throughout their journey, from the point of departure to the final destination. Our marine cargo insurance coverage includes:

1. Loss or Damage to Goods

We cover the loss or physical damage to your cargo during transit due to unforeseen events such as fires, explosions, collisions, and natural disasters. Whether your goods are being transported by sea, air, or land, we ensure they are safeguarded against a wide range of risks.

2. Theft and Piracy

Our marine cargo insurance provides protection against theft and piracy, covering your goods against the risk of being stolen while in transit. This coverage is vital for high-value shipments and ensures that you are compensated in case of such incidents.

3. General Average Contributions

In maritime law, general average requires that all parties involved in a sea voyage share in the loss incurred by any voluntary sacrifice of part of the ship or cargo to save the whole. Our insurance covers your share of any general average contribution, giving you peace of mind during unforeseen emergencies.

4. Loading and Unloading Accidents

Accidents can happen at any stage of the transportation process, including during the loading and unloading of cargo. We provide coverage for any damage that may occur during these critical operations, ensuring your goods are protected at every step.

5. War and Strikes Coverage

For clients seeking additional security, we offer coverage against war risks, strikes, riots, and civil commotions. This optional coverage ensures that your cargo is protected even in politically unstable regions or situations of civil unrest.

6. Weather-Related Risks

Our policy also includes protection against weather-related risks such as storms, lightning, and earthquakes. This is particularly important for shipments that are exposed to the elements during transit.

Who Should Get Marine Cargo Insurance?

Marine cargo insurance is essential for anyone involved in transporting goods by sea, air, or land. If your business relies on the regular movement of products, or you are shipping high-value or sensitive goods, marine cargo insurance offers crucial protection. Here’s who should consider getting marine cargo insurance:

1. Importers and Exporters

Whether you’re importing goods into the country or exporting products abroad, marine cargo insurance protects your air freight and sea freight shipments from loss or damage during transit, ensuring the security of your international trade operations.

2. Manufacturers

Manufacturers transporting raw materials or finished goods should consider marine cargo insurance. It safeguards your investment against accidents, natural disasters, or unforeseen events that could result in financial loss.

3. Retailers

Retailers frequently shipping products from suppliers to stores or directly to customers should protect their inventory with marine cargo insurance. This coverage shields your business from potential losses that could impact your profitability.

4. Businesses Shipping High-Value or Perishable Goods

For those shipping high-value items like electronics or perishable goods such as food and pharmaceuticals, marine cargo insurance is essential. It covers risks like theft, damage, and spoilage during transit.

5. Companies Operating in High-Risk Areas

If your shipping routes pass through areas prone to piracy, political unrest, or extreme weather, marine cargo insurance provides added protection. Coverage can include war, strikes, and other high-risk scenarios, offering peace of mind in challenging environments.

GET IN TOUCH WITH US

Whether you are looking to get a quotation or have any other enquiries, use this contact form so that we can better understand what you require. Our customer service staff will get back to you as quickly as we can.