Marine Cargo Insurance
Our Marine division, operating through our binders at Lloyd's of London, provides the full spectrum of marine cargo insurance services.
Transportation Categories
- Inland Transport
- Import
- Export
Policy Types
Specific Voyage
Covers a single trip only. The policy expires when goods reach their destination.
Open Cover Policy
An agreement whereby the insurer accepts insurance for all shipments made by the assured within the policy terms for a fixed period.
Common Sale Contracts
- FOB (Free on Board) — seller purchases insurance
- C&F (Cost and Freight) — seller purchases insurance
- CIF (Cost, Insurance and Freight) — seller is responsible for insurance
The sum insured should typically be set 10–15% above the contract value to account for additional costs such as freight charges and import duties.
How to Claim
- Take immediate steps to minimise loss or damage
- Lodge a monetary claim against the carrier
- Inform the company or agent without delay
- Submit original documents: Bill of Lading, Packing List, carrier correspondence
Why Choose P&M?
75 Years Experience
Trust our vast experience to identify the precise insurance solutions.
Fast Claims Process
We ensure your claims are handled with speed and efficiency.
Dedicated Support
Personal account managers who understand your specific needs.
Expert Advisors
Industry specialists ready to guide you through complex policies.
Ready to Get Started?
Contact our exclusive Cyprus agents PM Insurance Brokers for a personalised quote.
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