Project Cargo
Securing a PROJECT CARGO INSURANCE POLICY provides peace of mind to all industries and logistics companies that must carry out a special project for the transportation of specific goods which, due to their size or complexity, cannot be containerized or require special transport. These goods may be transported by land, sea, or river, and specific vessels, barges, or platform trucks are sought to move this type of cargo.
The equipment to be transported, can come from different suppliers and can be
transported from different points of the world, carrying a logistical complexity and it is needed
to protect industries, logistics companies, material damages that occur during the
land, sea or rain transport from the point of manufacture to the final destination point
of the project. The equipment to be transported may come from various suppliers and be shipped from different parts of the world, adding logistical complexity. It is essential to protect industries and logistics companies from material damages that may occur during land, maritime, or river transport—from the point of manufacture to the final destination of the project. This PROJECT CARGO INSURANCE policy may also cover financial losses or delays in project start-up caused by material damage to critical equipment during transport.
Critical points to be identified in the equipment important to the project
- Dimensions
- Individual value of the equipment
- Non-containerized cargo
- Deck cargo
- Shipping schedule close to the project’s commissioning date
- A written project plan covering all phases and progress tracking
Coverage
- 1.- Material damage from the point of manufacture or transfer to the final destination of the project.
- 2.- Loss due to project interruption caused by transported critical equipment
When do we need to insure project cargo?
There is a high risk of loss in the event of an incident, whether due to direct damage to the cargo—given the high value of the equipment—or due to the cost of all expenses incurred as a result of delays caused by an incident during transportation.
Taking out a PROJECT CARGO insurance policy is a safeguard.
It is important to have complete project information and planning in advance to accurately assess and control the risk.
