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CARGO

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Every shipment carries the inherent risk of unforeseen material losses. From the moment it embarks to its destination, the cargo remains vulnerable and susceptible to damage, potentially leading to significant financial challenges for you.

WHAT KIND OF CARGO CAN BE INSURED?

Any kind of cargo can be insured.

WHAT RISKS CAN BE INSURED?

Cargo insurance is performed based on generally accepted insurance conditions which are constituted by the Institute of London Underwriters (“Institute Cargo Clauses” (A), (B) and (C)). In addition to general conditions, insurance coverage may include special risks, such as military actions, strikes, risks of damage to the cargo during loading/unloading works, risks of keeping the cargo in interim warehouses during transportation process.

INSURANCE AREA

Insurance coverage is effective on the territories of all the countries of the World, except for the territories of countries involved in wars, regardless of the means of transportation.

SUM INSURED (MAXIMUM LIMIT OF COMPENSATION)

Determining the extent of the insurer's liability (insurance value and sum insured) directly affects the insurance premium and possible compensation. Therefore, by concluding a cargo insurance contract with EFES ICJSC, You can include all documented expenses for the cargo in the sum insured, mainly:

  • Invoice value of the cargo,

  • Freight charges,

  • Customs duties,

  • Expenses of military escort, etc.
     

INSURANCE POLICY CONCLUSION

Regardless of whether you want to insure one separate cargo or a systematic consignment of shipments, our specialists will help you choose the most optimal insurance coverage that best suits your set budget.

There are 2 ways to insure cargo:

  • By signing individual policies,

  • Concluding a general policy on cargo insurance.


We will make a one-time policy for a single cargo, while optimal solution for regular shipments is to sign a general policy.

The general policy has the following advantages:

  • lower insurance rates compared to single contracts,

  • convenient form for new cargo insurance application,

  • flexible insurance premium payment system.

INSURANCE RATES

  • You can get a quick quote of your insurance premium by filling in the application form and sending it to the official e-mail address of EFES ICJSC: info@efes.am. Our specialists will contact you within 1 business day.

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