When goods in transit are being removed, transported or stored they
are subject to many types of strain and risks. Goods in transit may
consist of a company's current assets, fixed assets or any other property
which, if damaged or lost during transport, causes a financial loss
to the company.
SA Cargo Express Pte Ltd provides premium insurance rates for all
types of transport. Our customers are assured that they will be properly
compensated if anything happens to their valuable cargo.
Cargo
insurance is issued on basic conditions, extended basic conditions
or full conditions. The risks insured on basic conditions
during transportation are fire, explosion, traffic accident,
washing overboard, losses occurring at a port of distress,
and general average, in a manner specified in the insurance
terms and conditions. In special circumstances, the basic
conditions can be extended to cover certain other loss events,
such as breakage, theft and wetting. Certain objects, such
as unpacked or used goods and goods on deck can only be insured
on basic conditions. Insurance on full conditions covers all
sudden external and unforeseeable losses as well as the special
expenses covered by the basic conditions.
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Insurance can be obtained from all major insurance companies, including
AIG, AXA, NTUC, HSBC, etc.
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