Cargo Insurance
Cargo insurance is a type of marine insurance that provides coverage for loss or damage to goods and merchandise while they are being transported by sea. It protects the cargo owner or shipper from financial loss due to various risks such as theft, damage, or loss of cargo during transit. The insurance policy typically covers the entire journey of the cargo from the point of origin to the final destination, including loading and unloading. Cargo insurance is essential for businesses involved in international trade as it provides financial protection against unforeseen events that can result in significant financial losses.
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