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What is the purpose of this document? Certification of Coverage: This document certifies that the goods specified in the certificate are insured against risks during their transportation. It details the insurance conditions, the insured values, and the coverage provided. 

Facilitation of Claims: In the event that the goods suffer damage or loss during transport, the certificate allows the holder to file a claim with the insurance company. The document must be presented along with other supporting documents to initiate the claims process. Proof of Insurance: The certificate serves as proof that the goods are insured, which may be a requirement for customs clearance, the release of goods, or the receipt of goods by the final consignee.

When is it completed? Before Transportation: The insurance certificate is completed before the goods are shipped or transported. It is essential that the coverage is in force from the moment the goods leave the exporter’s warehouse until they reach the final destination. Upon Confirming the Shipment: It is completed after the transport details, such as the vessel, the ports of loading and discharge, and the description of the goods, have been confirmed, ensuring that all these details are accurate and reflect the transport contract.

Air Cargo Insurance Policy

Offer protection for goods transported by air against specific risks, such as aircraft accidents, fires, theft, and other incidents that may occur during air transport.

Issuance:

• The policy is issued by an insurance company before the start of air transport, ensuring that the goods are protected from the moment they are loaded onto the aircraft until they are unloaded at the final destination.

Function:

• Risk Coverage: Protects goods during air transport, covering a wide range of risks specific to this mode of transportation.

• Facilitation of Claims: In the event of a loss, the insured can file a claim to recover damages or losses incurred during the flight.

• Proof of Insurance: It is an essential document to demonstrate that the goods are insured, a necessary requirement for certain customs procedures and for the receipt of goods by the consignee.

Maritime Cargo Insurance Policy

Protect goods transported by sea against various risks, such as total loss, partial damage (particular average), fire, shipwreck, and other accidents related to maritime transport.

Issuance:

• The policy is issued by the insurance company before the goods are shipped. It establishes a contract of insurance that covers the goods throughout the entire maritime journey.

Function:

• Risk Coverage: Covers specific risks associated with maritime transport, providing financial security in the event of loss or damage to the goods during the voyage.

• Facilitation of Claims: Allows the insured to file claims for compensation if the goods suffer damage or loss during transport.

• Proof of Insurance: Serves as a legal document that proves the goods are insured during their maritime transport.