Mediterranean Logistics is a holder of multiple service
contracts, which guarantee best services and reduction in rates
which in turn are passed onto our clients
In order to
ensure a comprehensive and reliable line of services,
Mediterranean Logistics offers insurance services in association
with one of the major insurance companies in Egypt. Due to a
large volume of business, these agreements enable Mediterranean
Logistics, as a broker, to offer competitive insurance rates and
conditions. Types of insurance services offered include Cargo,
Marine & Transport insurance, Cars, Trucks & Trailer
insurance, various Assets insurance and Storage and Fire
insurance.
Cargo Insurance
Read the back of any bill of lading (you'll need a
microscope.) When you get to the section on carrier's
liability, you will be shocked to find out that their exposure
for damage to or loss of your freight is also microscopic.
Coverage's are commonly limited to £3,797.4 (£3,913.13
($500)) per 'customary shipping unit'. In many cases, your
full ocean container is the customary shipping unit. Air
shipments generally are covered at £68.88 (£70.98 ($
9.07)) per pound. Obviously, there are many shipments,
which far exceed these value limitations.
Furthermore,
carrier coverage is limited only to the time when the goods are
in their control, as opposed to door-to-door. Finally, the small
amounts they offer are payable only when it can be shown that
the loss resulted from their 'direct negligence'. In short,
carrier insurance protection.....isn't.
We specialize in cargo insurance vs. dealing with a
general business insurer with limited knowledge, buying and
interest.
For most commodities, we can offer "All Risk" insurance,
the broadest form of coverage for most commodities.
Door-to-door coverage available , including incidental
storage during consolidation / deconsolidation.
Mediterranean Logistics handles claim process, so you
don't have to.
Our corporate volume drive extremely competitive rates
for you.
Physical loss or damage as a result of transit is
covered.
You deal with a known entity - Mediterranean Logistics
Prompt claim resolution, You don't argue with carriers.
Our corporate volume drive extremely competitive rates for
you.
Due to our high volume of insurance and our concentrated buying
power we are able to secure, for you, a most competitive
rate. Additionally, by arranging all aspects of your
import / export transaction we know exactly what level of
insurance protection you need.
And finally, there is
another advantage to having Mediterranean Logistics handle your
cargo insurance.
Unfortunately, from time to time,
there will be claims. Mediterranean Logistics is
experienced in the handling of these situations. With both
your shipment arrangements and cargo insurance being handled
through Shapiro, we have nearly everything we need to start
processing your claim.
Marine insurance
As your logistics provider, Mediterranean Logistics wants to
ensure you receive the best possible service in all aspects of
the movement of your freight. An integral component of our
service is to make sure you are aware of the need to properly
insure your cargo during transit and to provide you with a
competitive and comprehensive insurance program.
There are certain benefits to obtaining insurance coverage
through Mediterranean Logistics.
We purchase large volumes of insurance, which
allows us to obtain competitive rates.
We work with a “transportation insurance broker;”
therefore, we are often able to insure “high risk”
commodities
We will file all claim documentation on our customer’s
behalf. In addition, we would follow through until a decision
regarding the settlement was reached.
We realize that there are some common misconceptions and/or
reasons many importers believe that insurance is not a
necessity.
Some believe that their cargo is covered under the ocean or
air carrier’s insurance policy. As a result, they don’t
need any additional insurance coverage”.
In actuality:
Carriers limit their liability in the event of a
loss. In most instances, the limited liability amounts will not
cover the value of the customer’s shipment.
Some believe that their company provides its own
insurance.
In actuality:
we
purchase a large volume of insurance, and therefore our rates
are very competitive.
Handling the claim on your behalf will also save you time and
money.
Some believe that CIF terms are protective in that shipments
are being insured overseas.
In actuality:
we purchase a large volume of insurance, and therefore
our rates are very competitive.
If there were a claim, they (the importer) would be
filing and coordinating the claim with an overseas insurance
agency.
Please take a moment to review the following information on the
Insurance coverage we can provide to you. We encourage you
to take advantage of our cargo insurance program and make sure
your goods are protected against the perils of transit. Please
do not hesitate to contact us with any questions you may
have.