{"id":2106,"date":"2025-05-24T09:25:46","date_gmt":"2025-05-24T07:25:46","guid":{"rendered":"https:\/\/www.cseglobal.fr\/assurance-transport-maritime\/"},"modified":"2025-07-28T10:20:17","modified_gmt":"2025-07-28T08:20:17","slug":"maritime-transport-insurance","status":"publish","type":"post","link":"https:\/\/www.cseglobal.fr\/en\/maritime-transport-insurance\/","title":{"rendered":"Maritime transport insurance, an essential component of international Logistics"},"content":{"rendered":"<section class=\"l-section wpb_row height_medium\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_grid cols_1 laptops-cols_inherit tablets-cols_inherit mobiles-cols_1 valign_top type_default stacking_default\"><div class=\"wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><p style=\"text-align: center;\">Maritime transport insurance is a vital component of international trade. It protects not only shipped goods, but also vessels, operators, and third parties who may be affected by incidents at sea. With over 80% of global trade volume transported by sea, the capital at stake is significant, making this coverage essential for both shipowners and shippers.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row height_auto\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_grid cols_1 laptops-cols_inherit tablets-cols_inherit mobiles-cols_1 valign_top type_default stacking_default\"><div class=\"wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><h2 data-start=\"516\" data-end=\"551\"><strong data-start=\"520\" data-end=\"551\">What is maritime transport?<\/strong><\/h2>\n<p data-start=\"553\" data-end=\"828\">Maritime transport forms the backbone of global commerce, carrying more than 80% of internationally traded volumes.<br data-start=\"668\" data-end=\"671\" \/>In 2023, it handled 12.3 billion tons of cargo\u2014a 2.4% increase from 2022\u2014and is projected to grow by 2% in 2024 and an average of 2.4% annually through 2029.<\/p>\n<p data-start=\"830\" data-end=\"880\">The three main goods transported by container are:<\/p>\n<ul data-start=\"882\" data-end=\"1074\">\n<li data-start=\"882\" data-end=\"931\">\n<p data-start=\"884\" data-end=\"931\"><strong data-start=\"884\" data-end=\"899\">Electronics<\/strong> (computers, smartphones, TVs)<\/p>\n<\/li>\n<li data-start=\"932\" data-end=\"999\">\n<p data-start=\"934\" data-end=\"999\"><strong data-start=\"934\" data-end=\"959\">Clothing and textiles<\/strong> (ready-to-wear, fabrics, accessories)<\/p>\n<\/li>\n<li data-start=\"1000\" data-end=\"1074\">\n<p data-start=\"1002\" data-end=\"1074\"><strong data-start=\"1002\" data-end=\"1040\">Industrial machinery and equipment<\/strong> (machine tools, mechanical parts)<\/p>\n<\/li>\n<\/ul>\n<\/div><\/div><div class=\"w-separator size_small with_line width_default thick_3 style_solid color_border align_center\"><div class=\"w-separator-h\"><\/div><\/div><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><h2 data-start=\"1081\" data-end=\"1128\"><strong data-start=\"1085\" data-end=\"1128\">Carrier liability limits and exemptions<\/strong><\/h2>\n<p data-start=\"1130\" data-end=\"1458\">Maritime transport, though indispensable to global trade, exposes cargo to many risks: inherent vice, force majeure (storms, piracy, shipwrecks), sender\u2019s errors, or third-party actions. Carrier liability is limited by international conventions, and <strong data-start=\"1380\" data-end=\"1412\">maritime transport insurance<\/strong> is specifically designed to cover such risks.<\/p>\n<h3 data-start=\"1460\" data-end=\"1484\"><strong data-start=\"1465\" data-end=\"1484\">&gt;Exemption Cases<\/strong><\/h3>\n<p data-start=\"1486\" data-end=\"1630\">Generally, the carrier is presumed liable if the goods are delivered in a condition different from how they were loaded (damages, losses, etc.).<\/p>\n<p data-start=\"1632\" data-end=\"1771\">However, if the carrier can prove all necessary precautions were taken and liability is not engaged, no compensation is due to the shipper.<\/p>\n<p data-start=\"1773\" data-end=\"1828\">Carriers may be exempt from liability in cases such as:<\/p>\n<ul data-start=\"1830\" data-end=\"2069\">\n<li data-start=\"1830\" data-end=\"1866\">\n<p data-start=\"1832\" data-end=\"1866\"><strong data-start=\"1832\" data-end=\"1851\">Inherent defect<\/strong> of the goods<\/p>\n<\/li>\n<li data-start=\"1867\" data-end=\"1925\">\n<p data-start=\"1869\" data-end=\"1925\"><strong data-start=\"1869\" data-end=\"1886\">Force majeure<\/strong> (extreme weather, piracy, shipwreck)<\/p>\n<\/li>\n<li data-start=\"1926\" data-end=\"2001\">\n<p data-start=\"1928\" data-end=\"2001\"><strong data-start=\"1928\" data-end=\"1965\">Fault of the shipper or consignee<\/strong> (e.g., insufficient instructions)<\/p>\n<\/li>\n<li data-start=\"2002\" data-end=\"2069\">\n<p data-start=\"2004\" data-end=\"2069\"><strong data-start=\"2004\" data-end=\"2027\">Third-party actions<\/strong> (e.g., collision with an identified ship)<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"2071\" data-end=\"2244\">In cases of <strong data-start=\"2083\" data-end=\"2103\">gross negligence<\/strong> (e.g., proven carelessness, theft, or fraud), courts may lift liability caps, allowing full compensation based on the total damage suffered.<\/p>\n<h3 data-start=\"2251\" data-end=\"2303\"><strong data-start=\"2255\" data-end=\"2303\">&gt;Carrier Liability Limits \u2013 Compensation Caps<\/strong><\/h3>\n<p data-start=\"2305\" data-end=\"2620\">Even when liable, maritime carriers benefit from statutory compensation limits, which are often insufficient relative to the true cargo value. Default insurance (by the carrier, freight forwarder, or bank) is capped in <a href=\"https:\/\/www.imf.org\/fr\/About\/Factsheets\/Sheets\/2023\/special-drawing-rights-sdr\" target=\"_blank\" rel=\"noopener\"><strong data-start=\"2524\" data-end=\"2557\">SDRs (Special Drawing Rights)<\/strong><\/a> per kilo, often leaving a financial shortfall for the shipper.<\/p>\n<p data-start=\"2622\" data-end=\"2706\"><strong data-start=\"2622\" data-end=\"2643\">Hague\u2013Visby Rules<\/strong> set the limit at <strong data-start=\"2661\" data-end=\"2673\">2 SDR\/kg<\/strong> (1 SDR = \u20ac1.23 as of July 2025).<\/p>\n<h4 data-start=\"2708\" data-end=\"2725\"><strong data-start=\"2713\" data-end=\"2725\">Example:<\/strong><\/h4>\n<p data-start=\"2727\" data-end=\"2825\">A shipment of 25 tons of bulk vegetable flour, worth \u20ac250,000, is entrusted to a maritime carrier.<\/p>\n<p data-start=\"2827\" data-end=\"2877\">A storm causes the container to fall into the sea.<\/p>\n<p data-start=\"2879\" data-end=\"2962\">According to carrier limits:<br data-start=\"2907\" data-end=\"2910\" \/>2 SDR (\u20ac2.46) \u00d7 25,000 kg = <strong data-start=\"2938\" data-end=\"2962\">\u20ac61,500 compensation<\/strong><\/p>\n<p data-start=\"2964\" data-end=\"3021\">Loss for the shipper:<br data-start=\"2985\" data-end=\"2988\" \/>\u20ac250,000 \u2212 \u20ac61,500 = <strong data-start=\"3009\" data-end=\"3021\">\u20ac188,500<\/strong><\/p>\n<p data-start=\"3023\" data-end=\"3137\"><em>Note: In case of gross negligence, courts may remove compensation limits, allowing full damages to be claimed.<\/em><\/p>\n<\/div><\/div><div class=\"w-separator size_small with_line width_default thick_3 style_solid color_border align_center\"><div class=\"w-separator-h\"><\/div><\/div><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><h2 data-start=\"3144\" data-end=\"3229\"><strong data-start=\"3148\" data-end=\"3229\">The special case of general average covered by maritime transport insurance<\/strong><\/h2>\n<p data-start=\"3231\" data-end=\"3461\"><a href=\"https:\/\/fr.wikipedia.org\/wiki\/Avarie_commune\" target=\"_blank\" rel=\"noopener\"><strong data-start=\"3231\" data-end=\"3250\">General average<\/strong><\/a> is a major principle of maritime solidarity recognized worldwide. It obliges all parties involved in a voyage (owner, charterers, shippers) to share exceptional losses and expenses caused by an incident at sea.<\/p>\n<p data-start=\"3463\" data-end=\"3700\">Voluntary sacrifices made to save the &#8220;maritime adventure&#8221; such as partial cargo discharge or salvage costs are proportionally shared, even by undamaged cargo. Maritime transport insurance helps absorb these often considerable costs.<\/p>\n<\/div><\/div><div class=\"w-separator size_small with_line width_default thick_3 style_solid color_border align_center\"><div class=\"w-separator-h\"><\/div><\/div><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><h2 data-start=\"3707\" data-end=\"3758\"><strong data-start=\"3711\" data-end=\"3758\">The role of incoterms in maritime transport<\/strong><\/h2>\n<p data-start=\"3760\" data-end=\"3918\"><a href=\"https:\/\/www.cseglobal.fr\/en\/import-and-export-of-goods-incoterms\/\"><strong data-start=\"3760\" data-end=\"3773\">Incoterms<\/strong> <\/a>define who seller or buyer bears the risks and insurance obligations during the main maritime transport, helping determine who pays for damages.<\/p>\n<ul data-start=\"3920\" data-end=\"4258\">\n<li data-start=\"3920\" data-end=\"4125\">\n<p data-start=\"3922\" data-end=\"4125\"><strong data-start=\"3922\" data-end=\"3981\">Departure Incoterms (CIF \u2013 Cost, Insurance and Freight)<\/strong>: The <strong data-start=\"3987\" data-end=\"3996\">buyer<\/strong> assumes the risk during maritime transport, but the seller takes out maritime transport insurance on the buyer\u2019s behalf.<\/p>\n<\/li>\n<li data-start=\"4127\" data-end=\"4258\">\n<p data-start=\"4129\" data-end=\"4258\"><strong data-start=\"4129\" data-end=\"4167\">Arrival Incoterms (DAP, DDP, etc.)<\/strong>: The <strong data-start=\"4173\" data-end=\"4183\">seller<\/strong> assumes transport risks and may choose whether or not to insure the cargo.<\/p>\n<\/li>\n<\/ul>\n<\/div><\/div><div class=\"w-separator size_small with_line width_default thick_3 style_solid color_border align_center\"><div class=\"w-separator-h\"><\/div><\/div><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><h2 data-start=\"4265\" data-end=\"4311\"><strong data-start=\"4269\" data-end=\"4311\">Insurance and guarantees at CSE Global<\/strong><\/h2>\n<p data-start=\"4313\" data-end=\"4427\">At <a href=\"https:\/\/www.cseglobal.fr\/en\/insurance\/\">CSE Global<\/a>, <strong data-start=\"4328\" data-end=\"4360\">maritime transport insurance<\/strong> solutions are modular and tailored to each shipper\u2019s risk profile:<\/p>\n<h4 data-start=\"4429\" data-end=\"4458\"><strong data-start=\"4434\" data-end=\"4458\">Ad Valorem Insurance<\/strong><\/h4>\n<ul data-start=\"4459\" data-end=\"4661\">\n<li data-start=\"4459\" data-end=\"4575\">\n<p data-start=\"4461\" data-end=\"4575\">Covers the actual value of the goods (including margin and profit), not limited by weight or number of packages.<\/p>\n<\/li>\n<li data-start=\"4576\" data-end=\"4661\">\n<p data-start=\"4578\" data-end=\"4661\">Optional 20% increase over declared value to cover margin loss or incidental costs.<\/p>\n<\/li>\n<\/ul>\n<h4 data-start=\"4663\" data-end=\"4693\"><strong data-start=\"4668\" data-end=\"4693\">Additional Guarantees<\/strong><\/h4>\n<ul data-start=\"4695\" data-end=\"5109\">\n<li data-start=\"4695\" data-end=\"4838\">\n<p data-start=\"4697\" data-end=\"4838\"><strong data-start=\"4697\" data-end=\"4735\">FPA (\u201cFree of Particular Average\u201d)<\/strong>: Covers major risks (shipwreck, fire, general average, collision) with a defined list of exclusions.<\/p>\n<\/li>\n<li data-start=\"4839\" data-end=\"4965\">\n<p data-start=\"4841\" data-end=\"4965\"><strong data-start=\"4841\" data-end=\"4854\">All Risks<\/strong>: Comprehensive protection against breakage, theft, crushing, damage, including pre- and post-land transport.<\/p>\n<\/li>\n<li data-start=\"4966\" data-end=\"5109\">\n<p data-start=\"4968\" data-end=\"5109\"><strong data-start=\"4968\" data-end=\"4993\">War Risks and Similar<\/strong>: Optional coverage for piracy, sabotage, strikes, riots, and malicious acts, priced according to the affected zone.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"5111\" data-end=\"5266\"><strong data-start=\"5111\" data-end=\"5133\">End-to-end options<\/strong>: Extend coverage to storage, transshipments, handling, voyage interruptions or breakdowns (e.g., unloading, warehousing, rerouting).<\/p>\n<h3 data-start=\"5273\" data-end=\"5316\"><strong data-start=\"5277\" data-end=\"5316\">&gt;Choosing the Right Insurance Policy<\/strong><\/h3>\n<p data-start=\"5318\" data-end=\"5470\">Once risk-bearing responsibility is defined (buyer or seller) and guarantees selected, the choice of <strong data-start=\"5419\" data-end=\"5458\">maritime transport insurance policy<\/strong> depends on:<\/p>\n<ul data-start=\"5472\" data-end=\"5569\">\n<li data-start=\"5472\" data-end=\"5511\">\n<p data-start=\"5474\" data-end=\"5511\">Quantity of goods to be transported<\/p>\n<\/li>\n<li data-start=\"5512\" data-end=\"5534\">\n<p data-start=\"5514\" data-end=\"5534\">Value of the goods<\/p>\n<\/li>\n<li data-start=\"5535\" data-end=\"5569\">\n<p data-start=\"5537\" data-end=\"5569\">Shipment frequency over the year<\/p>\n<\/li>\n<\/ul>\n<h4 data-start=\"5571\" data-end=\"5597\"><strong data-start=\"5576\" data-end=\"5597\">Types of Policies<\/strong><\/h4>\n<ul data-start=\"5599\" data-end=\"6127\">\n<li data-start=\"5599\" data-end=\"5772\">\n<p data-start=\"5601\" data-end=\"5772\"><strong data-start=\"5601\" data-end=\"5631\">Third-party shipper policy<\/strong>: Basic coverage via carrier or forwarder, compliant with international conventions (Hague\u2013Visby), suited for occasional, low-budget needs.<\/p>\n<\/li>\n<li data-start=\"5773\" data-end=\"5846\">\n<p data-start=\"5775\" data-end=\"5846\"><strong data-start=\"5775\" data-end=\"5792\">Voyage policy<\/strong>: One-off contract for a single shipment or charter.<\/p>\n<\/li>\n<li data-start=\"5847\" data-end=\"5966\">\n<p data-start=\"5849\" data-end=\"5966\"><strong data-start=\"5849\" data-end=\"5873\">Floating\/open policy<\/strong>: Framework agreement for recurring shipments, with declared values and shipment manifests.<\/p>\n<\/li>\n<li data-start=\"5967\" data-end=\"6127\">\n<p data-start=\"5969\" data-end=\"6127\"><strong data-start=\"5969\" data-end=\"5999\">Annual subscription policy<\/strong>: Flat-rate solution covering all shipments by a shipper across all transport modes, simplifying admin and financial management.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"6129\" data-end=\"6354\">Thanks to this comprehensive offering, CSE Global provides maximum flexibility: clients can configure coverage levels, adjust deductibles, and extend protections based on cargo type, routes, and contractual needs (Incoterms).<\/p>\n<\/div><\/div><div class=\"w-separator size_small\"><\/div><div class=\"wpb_text_column\"><div class=\"wpb_wrapper\"><p>Given the scale and complexity of maritime risks, choosing an experienced insurer and customizing your maritime transport insurance policy is crucial. Reviewing deductibles, exclusions, and special coverages ensures the continuity of your supply chains and protects your investments against maritime hazards<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row height_medium\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_grid cols_1 laptops-cols_inherit tablets-cols_inherit mobiles-cols_1 valign_top type_default stacking_default\"><div class=\"wpb_column vc_column_container\"><div class=\"vc_column-inner\"><\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"Maritime transport insurance is a vital component of international trade. It protects not only shipped goods, but also vessels, operators, and third parties who may be affected by incidents at sea. With over 80% of global trade volume transported by sea, the capital at stake is significant, making this coverage essential for both shipowners and...","protected":false},"author":7,"featured_media":2079,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[22,23],"tags":[],"class_list":["post-2106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insurance","category-logistics"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.cseglobal.fr\/en\/wp-json\/wp\/v2\/posts\/2106","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cseglobal.fr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cseglobal.fr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cseglobal.fr\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cseglobal.fr\/en\/wp-json\/wp\/v2\/comments?post=2106"}],"version-history":[{"count":3,"href":"https:\/\/www.cseglobal.fr\/en\/wp-json\/wp\/v2\/posts\/2106\/revisions"}],"predecessor-version":[{"id":2109,"href":"https:\/\/www.cseglobal.fr\/en\/wp-json\/wp\/v2\/posts\/2106\/revisions\/2109"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cseglobal.fr\/en\/wp-json\/wp\/v2\/media\/2079"}],"wp:attachment":[{"href":"https:\/\/www.cseglobal.fr\/en\/wp-json\/wp\/v2\/media?parent=2106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cseglobal.fr\/en\/wp-json\/wp\/v2\/categories?post=2106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cseglobal.fr\/en\/wp-json\/wp\/v2\/tags?post=2106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}