Marine Cargo Insurance NZ

What is Marine Cargo Insurance?

Marine cargo insurance protects goods being transported by sea, air, or land against loss or damage during transit. Whether you're importing goods into New Zealand or exporting products overseas, this insurance provides essential protection for your cargo.

Cargo can be exposed to numerous risks during transit including storms, piracy, accidents, theft, and damage from handling. Marine cargo insurance ensures you're not left bearing the full financial burden of these losses.

What Does It Cover?

• Loss or damage to goods during transit
• Freight charges (ocean and air)
• Customs duties and landing charges
• Salvage and recovery costs
• General average contributions
• War and strikes coverage (optional)

Who Needs Marine Cargo Insurance?

Marine cargo insurance is essential for:

• • Importers bringing goods into New Zealand
• • Exporters shipping goods overseas
• • Freight forwarders and logistics companies
• • Businesses with coastal shipping requirements

Typical Costs

Marine cargo insurance is typically priced as a percentage of the cargo value. Typical rates start from:

• • General cargo: From 0.25% of value
• • High-value goods: From 0.5% of value
• • Perishable goods: From 0.75% of value