Tiếng Việt
Marine Cargo Insurance
Protects your goods from door to door—by sea, air, road, rail, or courier. If cargo is lost or damaged in transit, this policy pays to repair, replace, or reimburse, so shipments and cash flow stay on track.
Target clients
- Importers/exporters
- Manufacturers
- Traders & distributors
- E-commerce/retail
- Project owners moving equipment (project cargo)
- Companies with regular domestic or cross-border shipments
Core protections
- Physical loss or damage to goods in transit (warehouse-to-warehouse), including loading/unloading.
- Choice of cover: “All Risks” (ICC Institute Cargo Clauses-A) or Named Perils (ICC Institute Cargo Clauses-B/C).
- General Average & Salvage—your share and related expenses when a vessel sacrifices cargo to save the voyage.
- Fire, theft, collision/overturning, sinking, heavy weather, water damage, non-delivery (as per wording).
Add-on protections
- War & strikes (WSRCC-War, Strikes, Riots & Civil Commotions (cargo add-on)),
- Temperature-controlled cargo deterioration
- Project Cargo/DSU Delay in Start-Up for delayed commissioning due to transit losses (where offered)
- Stock Throughput (STP) combining transit + storage
- Seller’s/Buyer’s Contingency if the other party fails to insure
- Increased value for freight/duties/taxes
- Exhibitions & returns, repacking/expediting expenses, and branded goods/label removal.
Results you can expect
- Reduce financial loss and protect working capital on every shipment.
- Meet Incoterms/LC (Letter of Credit) requirements (e.g., CIF-Cost, Insurance, and Freight/CIP-Carriage and Insurance Paid To) and buyer/vendor contracts.
- Faster claims resolution and fewer shipment disputes.
- Flexible programs: one-off policies or annual “open cover” for all movements.
Vietnam Legal Requirements
Is it mandatory in Vietnam? No. Cargo insurance isn’t required by law. However, certain trade terms (e.g., CIF/CIP) and many letters of credit require the seller to arrange insurance to a defined level.
