Marine Insurance covers the loss or damage of ships, cargo, terminals, and any transport or property by which cargo is transferred, acquired, or held between the points of origin and final destination.
Cargo insurance—discussed here—is a sub-branch of marine insurance, though Marine also includes Onshore and Offshore exposed property (container terminals, ports, oil platforms, pipelines); Hull; Marine Casualty; and Marine Liability.
All shipments through ocean are subject to a specific law passed by the U.S. Congress called as the Carriage of Goods by Sea Act (CGSA) and the General Average (GA) Principle. These law basically limit the liability of shipping companies to $500.00 per box. Considering the many limitations and the fact that goods in transit are not automatically covered by insurance, BSL proudly offers a full cargo insurance by an A + rated California licenced insurance company. This type of insurance covers goods intransit for and against loss or damages of any kind. It should be noted that you may choose three available coverages, based on your particular needs, each with a different coverage range. Bluesea offers All Risk, FPA, and Warehouse coverages underwritten by first rated marine insurers.
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