Product/Service

Ocean Cargo Policy

Source: Chubb Group of Insurance Companies
The Chubb Group of Insurance Companies introduced a revised ocean cargo policy including a broadened duration of risk and extra expenses
Chubb Group of Insurance Companiescompany%> introduced a revised ocean cargo policy including a broadened duration of risk and extra expenses.

The coverage includes insurance protection for shipments during loading at the point of origin and during unloading at the final destination (including delays for up to 72 hours). This feature is available on a primary or a contingent basis depending upon the insured's terms of sale/purchase.

The cost of additional freight or other expenses incurred to re-route or re-forward cargo due to government or government agency actions and port strikes is now standard in the policy. The company will also pay the additional cost assessed against an insured for the fumigation of the place of storage or stowage.

<%=company%>, 15 Mountain View Rd., Warren, NJ 07059. Tel: 908-903-2000; Fax: 908-903-3402