Friday, 14 December 2018 13:21

Maersk debuts alternative cargo insurance

540 marersk

Maersk has just introduced Value Protect, an extended liability solution offering customers an alternative to cargo insurance, which the Danish carrier claims increases shippers’ chances of receiving full compensation in case of cargo damage in transit. Value Protect is valid while the cargo is in the care and custody of Maersk and covers cargo loss or damage in cases such as fire, accidents due to danger of the sea, theft, natural disasters, cyber incidents, cargo damages caused by delay, all of which would be excluded under the conventional terms for carriage. The offering is already available in several countries and will be gradually rolled out worldwide over the coming six months.

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