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Ocean Cargo Insurance is the oldest form of indemnification but is also one of the most modern and flexible forms of insurance. Ocean Cargo insurance policies are constantly updated to keep pace with new products, changing transportation methods, economic developments and market trends in all parts of the world.

Ocean Cargo insurance policies provide coverage for loss or damage to goods being shipped on all types of conveyances. Coverage commences when goods leave a warehouse (point of origin) and terminates at a warehouse (point of destination).

Any person, firm or corporation who has a direct or indirect insurable interest in the transportation of goods moving anywhere in the world is an eligible prospect for an Open Cargo Policy. Assureds include manufacturers, wholesalers, freight forwarders, importers, exporters, banks, suppliers, processors and distributors.

The purchaser of ocean cargo coverages may be the owner of the goods (direct insurable interest) or may act on behalf of others in obtaining Ocean Cargo Insurance for their account (indirect insurable interest).

Coverages can be tailored to your needs. The basic ocean cargo policy covers perils of the sea such as fire, theft, jettison and barratry of the master and crew. However, all-risk coverage is available and is the norm in today's market.

The policy can be endorsed to add domestic and/or foreign inland transit, domestic and foreign storage, exhibition and installations.

At Aloha Insurance, we don't rely solely on our past experience. We take a fresh, imaginative approach to each risk to create a flexible solution that gives our clients that competitive edge they need.

Portions courtesy of and © Insurance Information Institute ( Copyright © 2001-2017 Aloha Insurance Services, Inc. Kona HI All rights reserved.
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