Cargo Insurance
Make Sure You're Covered
Cargo insurance is an important decision when you are shipping or transporting goods. Importers and exporters are exposed to financial impact if the shipment is lost or damaged during transportation. Cargo may be damaged by an accident or a natural disaster at any of the points from origin to destination.
Caribtrans offers cargo insurance underwritten directly by a reputable insurance company: Seven Seas Insurance Company, Inc.
Securing the coverage is easy and in the unfortunate event of a loss, the claim process is fast and reliable.
Protect Your Cargo
- Coverage commences from the time the goods leave the shipper and/or supplier's place of business and continues in force during the ordinary and customary course of transit to the final destination.
- Insurance remains in force for fifteen (15) days after vessel discharge or upon delivery, whichever occurs first.
- Concealed damage must be reported within three (3) business days of delivery.
- There is no deductible.
There are guidelines, conditions, exclusions, and exceptions. For a listing of these items, please click here. You may contact Seven Seas Insurance directly at (561) 840-2955 or send an e-mail to: insuring@sevenseasins.com.
Please note that proper packaging is a condition of cargo insurance.
Claim Procedures
To ensure no delays in the processing of your claim, please provide relevant information to support your loss. Prompt notification for concealed damages is also essential. Remember that concealed damage must be reported within three (3) business days of delivery.
Claim Procedure Claim Letter
About Seven Seas
Seven Seas Insurance Company has been offering cargo insurance since 1967. You can feel comfortable in knowing that Seven Seas Insurance has received an A (Excellent) rating from AM Best, the leading provider of ratings on the worldwide insurance industry.
Seven Seas offers:
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Caribtrans applies marine cargo insurance to shipments in accordance with the terms and conditions of its Tariff. A premium reflecting the cost of marine cargo insurance will be prominently displayed on the face of the bill of lading. In the event you wish to decline the cargo coverage, please notify Caribtrans in writing prior to date of export. Certain commodities are excluded from coverage.