The Marine and Air Cargo Insurance covers the different interests of shippers, consignees, distributors, and others, whether goods or merchandise shipped primarily by water or air.

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Policy Information

  1. The insured will not be exposed to any damage and/or losses that may result from the delay in opening the parcels and/or inspecting the goods up to a maximum of 90 days after the end of the delivery process
  2. Any losses or damages discovered upon opening containers, boxes and/or parcels that occurred during the carriage insured under this contract (and regardless of the participants insurance interest) shall be expressly known and agreed upon to be paid to the participant unless there is conclusive evidence to the contrary
  3. It is agreed that any containers, boxes and/or parcels showing any signs of damage shall be opened immediately
  1. The participant will not suffer any damage resulting from unintentional delay in reporting or any error, omission, incorrect evaluation, Incorrect description of the insured items, the transporting unit or the voyage. However, in all cases, the coverage will not exceed the limits specified under this contract, provided that Orient Insurance Company is immediately notified
  2. as soon as the participant becomes aware of the existence of such error or omission. This insurance will not be affected by the participants failure to comply with any conditions or conditions that he has no control over the implementation of
    It is expressly agreed that in the event of a covered risk within one of the terms of the policy, the Company is obliged under this condition to pay the costs, expenses and additional expenses incurred
    On the part of the participant with 10% of the shipping value with a minimum of EGP 300,000 (three hundred thousand Egyptian pounds) or its equivalent in other currencies. With regard to the following:
    1. Removal of debris and/or destruction of damaged goods
    2. Dismantling and/or execution by the participant or by order of the authorities
    3. Support. (cranes, cranes and/or labor)
    4. Transfer of items covered under this document from one means of transport to another
    The container should not only include the customers goods, but also other customers goods
  1. Any sacrifice or unusual expense determined by the captain made or spent intentionally and in a reasonable manner by the captain shall be considered a general average For public safety to prevent an imminent danger threatening the ship or the property on board
  1. This insurance extends to compensate the subscriber for his share of liability in accordance with the (joint collision liability) clause in the contract of carriage, as if relating to a loss paid by this document
  2. In the event of any claim from shipowners in accordance with this condition, the subscriber shall notify The insurer, who has the right to defend the subscriber at the insurers own expense
  1. This insurance does not cover in any case the losses, damages or expenses caused by strikers, sit-in workers, or persons who participate in labor unrest, riots or civil unrest resulting from strikes, sit-ins, practical unrest, riots or civil unrest caused by any terrorist or any person acting with a political motive
  1. This insurance does not cover in any case losses, damages or expenses that occur as a result of the following: war, civil war, revolution, disobedience, rebellion, civil disputes arising therefrom, or any hostile act by or against a hostile force
  1. This condition only covers the loss of the goods completely as a result of the sinking and destruction of the entire transport unit

Air cargo insurance is necessary and important for the process of transporting and shipping goods by aircraft, and the policy covers losses and damages to the insured items, whether total or partial, resulting from any emergency accident such as burglary, fire, drowning or loss of goods during loading and unloading operations.


What is Air Cargo Insurance?

Air transport insurance is a type of insurance policy that protects the buyer or seller of goods transported by air, where the policy becomes responsible for compensating the insured for items that have been damaged, ruined or lost and in some cases; may provide compensation for delayed shipping.


Sea freight insurance is one of the closest relatives to air freight insurance, which protects goods that are transported over water, as the policy includes each of the following:


  • Air Cargo Insurance protects the buyer or seller of goods transported by air from damage and loss, and in some cases may even protect you from shipping delays.

  • Most air cargo carriers provide a minimum insurance for all shipments known as carrier liability insurance, although this coverage is usually small.

  • Many major shipping companies therefore seek additional protection offered by insurance companies, freight forwarders, and commercial service brokers.

  • Air Cargo Insurance premiums for cargo cargo vary based on the level of coverage, value, nature of the insured items; location of transport; and route of the goods.

  • Most air freight insurance policies offer partial coverage, which may only repay 60% of the value of inventory, but there are some policies that are more comprehensive.


What are the advantages of Air Cargo Insurance for cargo shipping?

The main advantage of Air Cargo Insurance for freight forwarding is that it reduces financial loss in the event of damage or loss of the shipment during transportation, when the cargo moves from the warehouse or warehouse in which it is located, a small investment in the so-called insurance premium that you pay provides you with peace of mind in case of any problems.


When do you need air freight insurance?

Even if Air Cargo Insurance is not legally required, it is best to obtain a cargo aviation insurance policy to protect your company from any unexpected loss due to damage or loss of goods for uncontrollable reasons such as weather, traffic, etc.


Because airborne cargo passes through different hands, vehicles and ports, they are exposed to a great deal of risk, and as a result, the longer they are at risk, the greater the chances of being lost, stolen or damaged.


What are the types of cargo insurance?

Onshore and sea cargo insurance are the two main types of cargo insurance, which also covers air freight, and is divided into:


  1. Land Cargo Insurance:

This type of insurance covers goods transported by road, such as trucks and light service vehicles, since its scope is limited within the borders of the country, it is also commonly used for domestic freight, and it is also covered for theft, collision damage and other risks associated with the transit of road freight.


  1. Sea Freight Insurance:

This insurance covers sea and air freight and is mainly used in international trade, protecting ships and aircraft from damage caused by loading and unloading, bad weather, accidents and other risks.


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