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World Headquarters: New York City, USA
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INTERNATIONAL CARGO INSURANCE
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WE'VE GOT YOU COVERED!
Accidents can happen.
Be prepared. Take insurance.
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Commercial Cargo Services
Ask Sefco to confirm the rates for high-value and commercial cargo insurance.
What's needed:
Commercial shipments will need a copy of the commercial invoice or other proof of value.
Certain destinations may require copies of the "shippers letter of compliance" for underwriters approval.
How much to insure for?
One "industry recommended" valuation method, is as follows:
Take: (A) Cost for the product at origin, plus (B) Cost for Shipping/handling = subtotal,
x times 10% of the subtotal = (C) Suggested total insured value.
Cargo Insurance Markets: Marsh CNA - Commercial Cargo Insurance
Protocol:
1) Declare the value to Sefco on our SLI form or via email, requesting coverage.
2) Sefco processes and submits referral to broker/underwriters for a cost of: $ 65.00 processing fee
3) Upon receipt of premium payment, the certificate is sent to the insured via email.
Once coverage is requested by the shipper and submitted by Sefco to the broker/underwriters, there are no refunds for processing the marine cargo insurance.
Sefco's fee schedule for freight forwarding documents and accessorial services is based on the LOE-level of effort required, and can be accessed on our website.
COMMERCIAL CARGO = GOODS FOR RESALE
Please be advised that "personal property" shipments are handled and insured differently, from "commercial cargo".
See below for further information.
Personal Property Services
1 - Economy service
For: "Named Perils, FPA marine insurance"
Door/Port and Port to Port coverage
PBO-packed by owner shipments, HHG/PE-household goods, POV-vehicles, other equipment (port/port)
Cargo Insurance Markets: Marsh CNA Cargo Insurance - Coverage Highlights
Print / sign / return the "Insurance Highlights Form"
(a PDF document on the above web page), to Sefco via email or fax.
Sefco main email: info@sefco-export.com Sefco main fax: 718-732-2863
The fpa-loss marine cargo coverage rate to most world ports* is 2% of the insured value, plus a flat fee of $65.00 to process the certificate.
Coverage on PBO packed by owner goods (non-professionally packed/unpacked) is against total loss only.
Some high risk locations may have higher premium rates; we'll re-confirm the rate in writing for each specific shipment.
Minimum premium amount: $ 90.00
Coverage requires declaration of total insured value, prior to date of export.
2 - Premium service
For: Door to Door, full service overseas moves (complete origin/destination services)
Total service D/D: professionally export packed/unpacked moves delivered by Sefco's full-service origin/destination agents
"The Paperwork" -
[sample valued inventory list: www.sefco-export.com/documents/Valued_Inventory.pdf]
The rate for "all normal risks, door-to-door declared value" marine cargo insurance (to most world destinations*)
is 2.75% of the insured value [click here for rate guides and details], plus a flat fee
of $65.00 to process the certificate.
Minimum premium amount: $ 90.00
Some high risk locations may have higher premium rates.
We'll re-confirm the rate in writing for each specific shipment.
"All risks": requires professional export packaging and unpacking.
Cargo Insurance Markets:
Personal Property Specialists
"All risks" personal property coverage requires that the cargo be
professionally export packed/unpacked through Sefco's approved agents.
Coverage Requires: signed/dated valued inventory list.
The premium for "all risks" declared value coverage must be prepaid.
"Full replacement value coverage" is recommended.
For further info, tips and advice see:
LCL Fact Sheet and FCL Fact Sheet
To proceed with your shipment, please click here.
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Overseas
Moving
Specialists
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Sefco Export Management Company, Inc.
Headquarters: New York City, NY - USA Agents Worldwide
(c) 1997-2009 J.Quinn/Sefco
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