Cargo Overseas operate a fully comprehensive open general policy
for insurance and we are busily preparing ourselves for the new procedures
due into place in January 2005.
With our large project, charter, specialist movements and markets
Cargo Overseas are committed to providing insurance cover in the
future and are fully embracing the need for regulation in 2005
when it will become illegal to offer insurance if not registered
with the FSA. The prohibitive cost which many forwarders will
face is a real issue but one we cannot avoid if we are to maintain
the high levels of service we provide in these specialist markets.
Our general forwarding services will also benefit as we will be able
to continue to offer insurance where many other forwarders will be forced
to cease to offer this valuable commodity. With the number of CIF movements
worldwide running at such a high rate shippers will have to take out their own
insurance which is costly on a shipment-by-shipment basis, change the terms of
sale or choose their freight-forwarder carefully to ensure they can provide
these terms.
Cargo Overseas will always be able to sell insurance where others
may not and our bulk-purchase under our open general policy ensures
our premiums will always be competitive and these savings will benefit
our customers now and into the future.
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Insurance Services