From the minute the cargo leaves your client until it arrives at its destination, it’s exposed to a multitude of risks.
Components may be damaged during loading, cargo lost due to negligence, or foul play sees the cargo stolen.
Complex supply chains often mean it’s difficult to ascertain who’s at fault and how much is recoverable.
Complex supply chains often mean it’s difficult to ascertain who’s at fault and how much is recoverable.
Scroll Swipe to follow the journey of a piece of cargo through the supply chain
Step 1
Cargo leaves the premises by truck
Handled by Haulier
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International Transit
Each part of the supply chain may have their own gaps in their liability insurance that may mean your clients are not indemnified if something happens to their cargo. AXIS Marine Cargo covers physical loss or damage to cargo at any point in the supply chain, by land, sea, or air. Our dedicated claims team has the experience to guide you through, every step of the way.
Step 2
Arrives at a port or airport and loaded onto transport
Handled by Stevedores, Airlines, Freight forwarders, Shipping lines/Vessel owner
Step 3
Cargo in transit by sea or air
Handled by Airlines, Shipping lines/Vessel owner, Barge operator
Step 4
Cargo is checked at destination
Handled by Port authority, Customs
Dedicated storage
A marine cargo policy can be extended to include storage at nominated distribution centres.
Here, cargo can be stored until distributed domestically or exported within the centre’s territory. Cargo can also be used to manufacture or package finished goods, which are then distributed.
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Step 5
Cargo is stored in a distribution centre
Handled by Warehouse managers, Distribution staff
Step 6
Cargo is delivered to its end destination
Handled by Distribution centre, Haulier, Local courier
Final distribution to the cargo’s destination will usually take place as domestic transit within the distribution centre’s country of operation.
However, goods can be exported to other customers overseas that fall within the distribution centre’s territory. Incidents that may occur in both circumstances are covered by AXIS Marine Cargo.
However, goods can be exported to other customers overseas that fall within the distribution centre’s territory. Incidents that may occur in both circumstances are covered by AXIS Marine Cargo.
During the journey you have just followed, the cargo was damaged. But who was at fault?
AXIS Marine Cargo covers every stage of the supply chain, at home and abroad, under a Cargo Stock Throughput policy.
This approach ensures your client doesn’t need to know exactly where an incident occurred or who was responsible. Your client just needs to make a single claim for the whole journey. Making things as simple as possible to submit.
