+995 596 896 000
info@geocommerce.ge
+995 596 896 000
info@geocommerce.ge
geo commerce
  • About Us
    • Our Mission
    • Our Values
  • Global Trade
    • Overview
    • Trade Statistics
    • Trade Organizations
    • Trade Regulations
    • Trade Opportunities
  • Our Business
    • Export Management
    • Buying Agency (Confirming House)
    • International Sales Agency
    • International Distribution
    • International Licensing and Franchising
    • Co-Marketing
  • Our Services
    • Consultancy
    • Commodity Trade
    • Logistics
    • Supply Chain Management
    • Trade Finance
    • Customs clearance
  • Blog
  • Contact Us
Menu
geo commerce
Login / Register
Sign inCreate an Account

Lost your password?

Browse Categories
  • Agrofood
  • Oil and Gas
    • Fuels
      • Aviation Spirit
      • Petroleum Oils
    • Petroleum Products
      • Petroleum Bitumen
      • petroleum Coke
    • Jet Fuel
    • Base Oil SN150 - from Petroleum Oils
    • Diesel EN590 10PPM
    • Petroleum Bitumen 100/120
  • Metals and Minerals
    • Minerals
      • Coal
      • Stones
    • Mineral Products
      • Ceramic Articles
      • Flat Glass, Mirror
    • Iron and Steel
      • Bars, Rods, Wires
      • Flat-Rolled Products
    • Articles of Steel
      • Iron And Steel Structure
      • Iron Sheets, Tubes, Pipes
    • Travertine
    • Granite
    • Coal
  • Chemicals
    • Chemicals
      • Fertilisers
      • Other Chemicals
    • Granular Urea 46% Agricultural Grade
    • Agricultural Urea 46%
Login / Register
Sign inCreate an Account

Lost your password?

cargo insurance

Cargo Insurance

A crucial component of global trade is cargo insurance, which shields companies from financial loss caused by the destruction or loss of products in transit. The following are some crucial details about cargo insurance

 Cargo Insurance: What is it?

A type of insurance called cargo insurance covers actual physical loss or damage to items while they are being transported. In order to guard against risks like theft, damage, or loss of cargo during shipping, it is often utilized in international trade.

What Makes Cargo Insurance Vital?

For companies involved in international trade, cargo insurance is crucial for the following reasons:

  • Financial loss protection: Businesses are shielded from financial harm caused by the loss or damage of cargo by cargo insurance.
  • Reduces risk: By offering protection against a variety of dangers, such as theft, damage, and loss of cargo, cargo insurance helps to lessen the risks involved with global trade.
  • Offering cargo insurance to consumers can boost their trust in your company since it shows that you are committed to making sure that items are delivered safely and on schedule.

Cargo Insurance Types

There are various kinds of cargo insurance, such as:

  • All-risk insurance: This kind of insurance covers all risks including physical loss or damage to cargo, with the exception of those expressly covered by the policy.
  • Insurance for named risks: This kind of insurance only covers risks that are specifically mentioned in the policy.
  • Open cargo insurance: This kind of insurance covers every shipment made over the course of a certain amount of time, usually a year.
  • Insurance covering a specific shipment or set of shipments is known as specific cargo insurance.

The best way to get cargo insurance

There are numerous ways for businesses to get cargo insurance, including:

  • Many freight forwarders include cargo insurance in their list of services.
  • Insurance brokers: Insurance brokers can assist companies in locating and acquiring the best cargo insurance to suit their requirements.
  • Insurance providers: Companies can get cargo insurance directly from insurance providers.

Businesses involved in international trade can protect themselves against financial loss and lessen the dangers involved in shipping products across borders by purchasing cargo insurance.

At "GEO Commerce", we believe in connecting assets and opportunities globally by making goods and services exchangeable easily.


Sign up for our Newsletter
Trade Knowledge
  • Incoterms
  • HS Codes Tarrifs
  • Letters of Credit
  • Documentary Collections
  • Export Credit Insurance
  • Consignment
  • Cargo Insurance
  • AML & FATF
Quick Links
  • Privacy Policy
  • Terms & Conditions
  • Frequently Asked Questions
Contact Info
  • Address: 7 Robakidze Ave, Tbilisi, Georgia
  • Email : Info@geocommerce.ge
  • Phone : +995 596 896 000

© 2023 geo commerce. All rights reserved

  • Menu
  • Categories
  • Agrofood
  • Oil and Gas
  • Metals and Minerals
  • Chemicals
  • About Us
    • Our Mission
    • Our Values
  • Global Trade
    • Overview
    • Trade Statistics
    • Trade Organizations
    • Trade Regulations
    • Trade Opportunities
  • Our Business
    • Export Management
    • Buying Agency (Confirming House)
    • International Sales Agency
    • International Distribution
    • International Licensing and Franchising
    • Co-Marketing
  • Our Services
    • Consultancy
    • Commodity Trade
    • Logistics
    • Supply Chain Management
    • Trade Finance
    • Customs clearance
  • Blog
  • Contact Us
  • Compare
  • Login / Register
We use cookies to improve your experience on our website. By browsing this website, you agree to our use of cookies.
Accept