Marine Insurance is the oldest type of insurance. In the early 19th century, Lloyd's and the Institute of London Underwriters (a grouping of London Company Insurers) developed between them standardized clauses for the use of Marine Insurance, and these have been maintained ever since.
In 2008 there was a 300% increase in attempted or actual attacks on vessels in the Gulf of Aden and off the coast of Somalia, with no less than 17 ships and around 300 crew members being held to ransom as of December 2008.
Importers and exporters are exposed to countless financial risks when they don't insure their shipments. Trying to recover losses from transporters and carriers is difficult and time consuming. That is why we work with only the best companies, to ensure that, should your cargo be damaged, the service, speed and professionalism in which your claim is handled and settled is second to none.
Please contact your local representative who will happy to provide a detailed quotation built specifically for your requirements.