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Marine Insurance

cargo insurance

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Comprehensive Marine Insurance Plans

Transporting goods is a vital aspect of your business operations. Ensuring the safety and security of your cargo during transit is an unavoidable requirement for you. We comprehend your concerns! Trust us to provide a crucial solution: our Marine Insurance program, meticulously crafted in accordance with international standards. With our coverage, specifically tailored for maritime shipments, including goods transported via boats, you can have one less thing to worry about. Safeguard your packages with Marine Insurance and enjoy peace of mind throughout the journey.

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Why TRUST Marine Insurance

According to international standards

This insurance policy is in line with the international insurance standards adopted internationally by the shipping and insurance market and applies to most countries in the world.

Premium insurance

The premium in compare to the value of the goods is very low so the insurance becomes a safe way out.

Who Is This Insurance For?

Marine insurance is for individuals, businesses, and organizations involved in the transportation of goods or activities related to maritime trade.

marine insurance

Coverage

The goods are insured in accordance with the international freight insurance standards based on London Institute Cargo Clauses and the most basic are the following:    

  • Institute Cargo Clauses (A) 1/1/09 – covers damage or loss of the goods transported for any reason other than the risks specifically excluded.
  • Institute Cargo Clauses (B) 1/1/09 – These Clauses cover any damage or loss of the transported goods from the named risks covered by the Institute Cargo Clauses (C) 1/1/09 plus earthquake, volcanic eruption or lightning, inflow of sea or fresh water into the means of transport, container or storage area, drift of cargo by wave and total parcel loss during unloading.
  • Institute Cargo Clauses (C) 1/1/09 - These Clauses offer limited coverage against the following named dangers: Explosion, fire, landfall or sinking of a ship, overturn or derailment of inland transport, impact or collision with another ship object, forced unloading of cargo carried to a port of refuge, voluntary dumping of cargo at sea and sacrifice of General Avarija.

Marine Insurance FAQs

What is marine insurance?

A marine insurance policy is not public liability insurance. It is a contract of indemnity. It covers any damage or loss of cargo.

Are marine insurance policies applicable globally?

Marine Insurance policies are in line with the international insurance standards embraced by the shipping and insurance market globally and apply to most countries in the world.

Is marine insurance policy compulsory in Cyprus?

Marine insurance policies are not compulsory. But many institutions, goods traders etc, request insurance cover to protect themselves against the financial loss they may suffer from the damage of a cargo.

Does marine insurance cover theft?

Comprehensive marine insurance plans cover damage or loss of cargo. There are terms and conditions which are stated in the insurance policies... Speak to one of Trust's experienced insurance agents for more information on Cyprus marine insurance.

How do I make a claim for marine insurance?

In the event of a loss or damage, you should immediately notify your insurance provider and provide all necessary documentation, including shipping documents, evidence of the loss or damage, and any relevant photographs. Contact our Trust Insurance agents to assist you with any questions that you may have.

Would you settle for anything less than the best? Look for it...We are waiting for you!

or call us now at +357 22 050 100
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