Protecting marine insurance risks has been one of Allianz’ core activities since the formation of the Allianz Group in 1890. With over 100 years of marine insurance experience, we continue to offer our clients comprehensive marine insurance solutions. Through the Marine Cargo insurance, we provide you with high level protection against all risks during the transportation of goods and merchandise – anywhere from the time your goods leave the premises of the seller until the time they arrive at the buyer’s premises.
It covers the loss or damage to during the movement of the cargo from one port or country to another. The conveyance can be by Sea, Air or Land. Either the buyer or the seller can purchase the Marine Cargo insurance depending on your sales contract which most commonly is Free On Board (FOB), Cost and Freight (C&F) or Cost, Insurance and Freight (CIF).