# marine cargo insurance

*Last updated: 2026-06-22*

> Unlike general transit insurance, marine cargo insurance is built around the specific perils of ocean carriage: it covers goods against loss or damage throughout the voyage and typically extends to port handling and transshipment.

Unlike general transit insurance, marine cargo insurance is built around the specific perils of ocean carriage: it covers goods against loss or damage throughout the voyage and typically extends to port handling and transshipment. Cover is available as a single-shipment policy, an open or annual policy for regular traders, or – relevant to shipowners rather than shippers – hull insurance, which protects the vessel itself rather than its cargo. Premiums reflect commodity type, trade lane, vessel condition, and the scope of cover chosen; moisture damage, contamination, and general average are the characteristic claims in maritime trade. In day-to-day practice, the cargo policy is closely linked to the bill of lading. Under Incoterms CIF and CIP the seller must arrange insurance; under all other terms, the buyer or freight forwarder bears that responsibility.

**Source:** [https://en.wikipedia.org/wiki/Marine_insurance](https://en.wikipedia.org/wiki/Marine_insurance)

## Quick Facts

| Property | Value |
|---|---|
| Term | marine cargo insurance |
| Language | EN |
| Word count | 132 |
| Last updated | 2026-06-22 |
| Source | https://en.wikipedia.org/wiki/Marine_insurance |

---

*Logistics Glossary — Freight Academy: [https://www.freight-academy.com/en/glossary/marine-cargo-insurance](https://www.freight-academy.com/en/glossary/marine-cargo-insurance)*

*Markdown mirror: [https://www.freight-academy.com/api/md/glossary/en/marine-cargo-insurance](https://www.freight-academy.com/api/md/glossary/en/marine-cargo-insurance)*

*JSON summary: [https://www.freight-academy.com/api/v1/glossary/marine-cargo-insurance/llm-summary?lang=en](https://www.freight-academy.com/api/v1/glossary/marine-cargo-insurance/llm-summary?lang=en)*