Cargo Insurance

Cargo Insurance is aimed at businesses that want to insure their transported goods (imports - exports - internal movements) against damage or loss during their transport. A basic condition for the validity of the coverage is that the goods belong to the company according to the terms of sale (e.g. Incoterms). The cargo insurance policy is often also required by banks based on the payment agreement (e.g. Letter of Credit) of a commercial transaction.

Depending on the type of cargo and the means of transport, 'all risk' or limited cover may be agreed. In Greece, the special London Institute Cargo Clauses are usually used for cargo insurance, which require great expertise in their use.

STAR GROUP experts have a lot of experience and know-how in the cargo insurance, in the choice of insurance clauses and in the settlement of losses.