At Air Cargo Green Capabilities (ACGC), we understand that cargo insurance is not just about securing a safety net for your goods; it’s about ensuring the continuity and success of your business. With our robust cargo insurance options, we safeguard your shipments from potential risks during transit, no matter the destination.
Protect Your Cargo, Protect Your Business
Diverse Sector Insurance Solutions
Our insurance offerings cater to a broad array of sectors, ensuring tailored protection for every kind of shipment:
Hospitality and Events
Safeguard every aspect of your hospitality services, from the safe transit of food and equipment to complete coverage for event supplies and hotel furnishingsFood and Beverage Assurance
Comprehensive insurance for your consumables, securing everything from bottled beverages to perishable produce through every stage of the supply chainRetail and E-Commerce Coverage
Robust policies to protect a vast range of retail goods, whether in transit, during storage, or through the busiest shopping periods, with automated insurance for every transactionIndustrial and Energy Safeguards
Dedicated insurance options for the oil, gas, and energy sectors, including risk management for critical equipment and coverage that anticipates project timelinesBy partnering with ACGC, your assets are shielded against the unexpected, no matter the industry or journey your goods undertake.
Factors Influencing Insurance Costs
- Nature of Goods: the type of goods being shipped plays a pivotal role in determining insurance costs. High-value items or delicate electronics often command higher premiums due to increased risk.
- Shipment Value: insurance costs are directly tied to the declared value of the cargo. Higher value shipments typically result in higher insurance premiums to cover potential losses.
- Destination and Origin: geographical routes affect insurance rates; longer journeys or routes passing through high-risk areas may increase costs.
- Storage and Consolidation: periods of storage and the processes of consolidation and deconsolidation introduce additional risks and can influence insurance pricing.
- Seasonal Fluctuations: insurance costs can fluctuate with seasonal demand and capacity constraints, especially in peak shipping periods.
Task
A consignment consisting of 10 crates of medical devices, with a market value of $2M, encountered total damage due to extreme temperature fluctuations. The cause was an unexpected delay attributed to severe turbulence en route.
Result
After litigation against the freight carrier, the consignee received a settlement of $50,000. This sum represented the carrier’s maximum obligation as stipulated by the air carriage agreement, calculated at the industry-standard rate of 19 SDRs* per kilogram, as per airline regulatory limitations.
The Ideal Outcome: Had the consignee secured a comprehensive Cargo Insurance plan, the payout would have corresponded to the full value of the medical devices, ensuring no financial shortfall.
*SDR (Special Drawing Right) is an international financial instrument defined by the International Monetary Fund, used to unify various exchange rates.
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For a tailored cargo insurance solution that protects your goods and supports your business goals, reach out to Air Cargo Green Capabilities today. Trust us to keep your cargo safe, from takeoff to landing and beyond.
Contacts
Address:
17, Boulevard Grande-Duchesse Charlotte, L-1331, Luxembourg
phone:
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