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Marine Cargo

Global transportation solutions for a global marketplace

 

There are good reasons to consider Marine Cargo insurance from AIG

Emerging markets

As goods cross borders by land, air or sea keeping control becomes increasingly difficult. Globalisation has made trade with less developed countries a reality, where weaker logistics infrastructure and theft may pose threats to freight delivery.

Managing your risks

AIG provides a risk prevention service (known as Marine Loss Control Engineering) so our customers can rely on a specialised entity to monitor their risks and to work on reducing the potential for losses or damage.
AIG can combine technical efficiency with a pragmatic business approach, while employing our broad international network to ensure the best possible protection for our customers’ assets and their business reputation.

Maintaining expectations

Technological advances have created high expectations by customers in terms of manufacture and delivery. Supply chains need to be protected from disruption and the negative impacts on customer loyalty, company reputation and cash flow.

The full range of solutions

AIG offers freight insurance in all its forms: door to door, or warehouse to warehouse, by sea, land, air or rail and from raw material to finished product. We regularly cover infrastructure projects thousands of kilometres from our clients’ bases.

Our claims and service strength

AIG is committed to building strong, lasting relationships with clients. They can draw on the servicing and claims of our offices across the globe, including key emerging markets, to ensure a uniform and reliable experience.

Who is it for?

Primary Industry, secondary and retail.
Infrastructure projects (Project Cargo) with coverage of consequential losses (ALOP - Advanced Loss of Profit).
Freight services (such as forwarding agents wishing to offer Freight Transport insurance to their customers).
SMEs, multinationals and in general, all exporters and inporters

Annual Policy per Billing
or
Open Policy through Online Certificate Issuing. AIG provides access to the Oceanwide Platform "AIG Marine Cargo" 24h / 24h

Covers

Insurance coverage designed for companies engaged in multiple service activities related to transportation. Coverage is tailored to the insured's operational exposures.

AIG Kuwait's Marine Multinational cargo programs are designed for manufacturers, importers, exporters and distributors with foreign branches, subsidiaries, affiliates, or joint ventures.

The program is basically a Master Open Cargo policy negotiated in the language and country of the assured with the local Chartis Kuwait Marine underwriter offering control of global transport risk and admitted policies issued in key markets outside of the assureds own country. We can provide DIC (difference in conditions) and can cover shipments between subsidiaries. This program provides information on the assured's movements on a global basis and has all the advantages of AIG Kuwait's Cargo Insurance policy.

Provides transports risk cover and advance loss of profit/consequential loss cover for large infrastructure construction projects such as: power generation facilities; liquid and gas pipeline projects; telecommunications installations. (including those involving fiber optic networks, satellite ground stations, mobile phone cellular networks); highway, bridge and tunnel construction; seaport and airport development and improvement projects; liquefied natural gas (LNG) and petrochemical processing facilities.

Coverage is suitable for project contractors; project equipment suppliers; project investors and operators. Our policies are tailored for each project, each insured's unique exposures, and specific contract demands. Our capacity for these risks is among the largest of any international insurance organization. With local representatives in approximately 130 countries and jurisdictions, we have the ability to provide coverage virtually anywhere in the world.

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