Cargo Insurance
Protect your shipment with Cargo Insurance
Cargo insurance offers peace of mind. Importers and exporters are exposed to financial impact if the shipment is lost or damaged during transit.
VI Cargo is committed to providing the highest level of economic protection for your cargo and offers cargo insurance underwritten by Seven Seas Insurance Company.
Securing the coverage is easy and in the unfortunate event of a loss, the claim process is fast and reliable.
Insurance Protection
Coverage commences from the time the goods leave the shipper and/or supplier’s place of business and continues in force during the ordinary and customary course of transit to the final destination.
Insurance remains in force for fifteen (15) days after vessel discharge or upon delivery, whichever occurs first.
Concealed damage must be reported within three (3) business days of delivery.
There is no deductible.
There are guidelines, conditions, exclusions, and exceptions. For a listing of these items, please click here.
Proper packaging is a condition of cargo insurance.
Claim Procedure
To avoid delays in the processing of your claim, please provide relevant information to support your loss.
Damaged goods must be retained for presentation at time of settlement.
Prompt notification of concealed damages is required. Concealed damage must be reported within three (3) business days of delivery.
About Seven Seas
Seven Seas Insurance Company has been offering cargo insurance since 1967. You can feel comfortable in knowing that Seven Seas Insurance has received an A (Excellent) rating from AM Best, the leading provider of ratings on the worldwide insurance industry.
Seven Seas offers:
Ocean Cargo Insurance
Air Cargo Insurance
Efficient Claim Processing
Competitive Rates
100% Assumption of Risk
Customized Policies
VI Cargo applies marine cargo insurance to shipments in accordance with the terms and conditions of its Tariff. A premium reflecting the cost of marine cargo insurance will be prominently displayed on the face of the bill of lading. In the event you wish to decline the cargo coverage, please notify VI Cargo in writing prior to date of export. Certain commodities are excluded from coverage.