Marine transit insurance for ocean freight is a type of insurance that protects the interest of all parties involved in the shipment of goods by sea. It covers loss or damage to goods during transit, as well as any associated expenses, such as salvage costs and general average contributions.
Marine transit insurance is an essential part of the global supply chain. It provides peace of mind for shippers, carriers, and receivers, knowing that their goods are protected in the event of a covered loss. The benefits of marine transit insurance include: