Project Cargo insurance provides transportation cover for parties involved in constructing infrastructural works, power plants, manufacturing sites or extensions to such objects. These projects usually concern multiple shipments from various sources to the construction site. In addition to the standard marine cargo cover, an amount is insured to cover any delay in start-up or advanced loss of profit caused by loss or damage during the transportation.
A risk management process takes place for those items that are critical to the timely finalization of the project.
The amount insured for this section is usually much larger than the value of the cargo itself. Our Transport Risk Management team will be involved giving extensive guidance in order to prevent losses.