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Do you provide insurance for 30% grade shipments and what does it cover?
We offer Cargo Insurance for all shipments at competitive rates, arranged through a marine cargo insurance provider and quoted as part of your CIF or DAP quotation.
Insurance Options
| Incoterm | Insurance Provided By | Coverage |
|---|---|---|
| FOB / CFR | Buyer arranges | Buyer's responsibility |
| CIF / CIP | Seller arranges | Seller arranges at buyer's cost |
| DAP / DDP | Seller arranges | Seller arranges, included in price |
Standard Coverage
- All Risks: Loss or damage from any cause
- Warehouse-to-warehouse: Factory to your nominated delivery address
- War and strikes: Extended coverage available on request
- Breakage and moisture damage: Included in all-risks
Insurance Cost
Premium is typically 0.1–0.3% of insured cargo value. For a USD 50,000 shipment, insurance costs ~USD 50–150. To get an insured CIF quotation, provide destination port, order value, and coverage scope — we include insurance in the CIF price.
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This article was published on 2026-09-02, and last updated on 2026-09-02. The article will be continuously updated.
