APL insures against cargo-in-transit risks to with new Cargo Assurance
SINGAPORE's APL, now a unit French shipping giant CMA CGM, is extending its Cargo Assurance to shippers who want protection against risks of loss or damage in transit.
To provide this APL has teamed up with one of the largest marine insurance companies in the world, in a bid for to strengthen its offering as a one-stop shipping solutions provider.
APL is offering cargo assurance options that range from "Total Cover" for maximum protection to "Main Cover" that protects against major events to "Customised Cover" for tailor-made cargo assurance solutions, it said in a statement.
"While we practice precise cargo handling, APL Cargo Assurance serves to help our shippers manage their cargo liability exposure to the perils of sea voyage," said APL chief commercial officer Thomas Cassuto.
Unique to APL Cargo Assurance, is also its "SMARTcool Assured" - an enhanced protection option that shippers can purchase for APL cargo that applies its SMARTcool cold treatment solution, he said.
With "SMARTcool Assured", expenses for a second cold treatment process and/or costs involved in re-routing a SMARTcool shipment to its importing market are covered in the event the shipment does not clear phytosanitary inspection for the importing country, he said.