Marine Cargo, International Freight and International Trading
With the growth of international Global trading, marine cargo and ocean freight has taken the center stage. The goods are transported from one continent to another by ships in large containers. The nature and types of cargo is infinitely variable, and may consist of products such as edible items, fresh fruits, vegetables, animals, pharmaceuticals products like syringes, tablets, lotions, industrial raw materials and finished products like the cars, electronic equipments and many other commodities.
Transporting the cargo in containers is not only efficient but also cheaper compared to other ways of cargo transportation. However, marine cargo transportation has its own draw backs, during transportation the large containers might shift and fall overboard especially when the ship has to negotiate large waves. Sometimes due to unexpected weather changes the ship along with its cargo might be lost in the sea. There are always chances of the cargo being damaged while using large cranes in the port. In order to be secure and safe one should always consider buying Marine cargo insurance.
Marine cargo insurance provides a financial security to the cargo which is being transported on high seas. If the cargo were to be damaged or completely lost the insurance company will reimburses the owners of the cargo according to the agreement of the policy. There are many types of marine cargo insurance available and depending on the need one can always buy the suitable cargo insurance policy.