Ghanem Forwarding LLC offers optional Ocean Freight Cargo Insurance that covers total loss port to port (coverage limit at POD is Ramp of vessel) for both RORO & Containers. Cargo insurance is essential to ocean freight transportation and protects your goods from seawater flooding, storms and acts of God, vessel collision and other unforeseeable events such as RORO vessel fires. It is available to purchase for most vehicles and containers being exported and, we recommend it for all cargoes and vehicles especially if the value exceeds $5,000.00 USD. Currently, cost of insurance is 1.5 % of declared cargo value per each Bill of Lading, minimum $50 premium charge. Cargo insurance is available only per written request. Coverage must be purchased and bind only once policy is issued, signed and premiums paid in full to Ghanem Forwarding LLC, at least 5 business days (excluding weekends & holidays) before sailing date from USA Port.
What about Inland Towing Coverage? Transportation carriers are often responsible only for their legal liability for damage caused to your cargo, which may not be equal to the full value of your cargo, and in many cases, such as acts of god, may not be liable for the damage for the loss or damage at all. Ghanem has teamed with a leading global insurance broker and financially strong A-rated insurance companies. All claims handling is outsourced to professional claims handling agencies with global presence should you need a surveyor to inspect your cargo.
*Although on occasion Ocean Freight can be paid after sailing, Insurance on the other hand must be purchased and prepaid before loading for coverage to be requested. We recommend deciding on coverage at time of booking.
For more information on Cargo Insurance Coverage, please contact our office: 410-366-0416 / CustomerService@gforwarding.com
