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How to take out marine cargo insurance for transporting leisure craft?
Under normal circumstances, the insured would take out marine cargo insurance with Institute Cargo Clause A. When transporting leisure craft, however, all movable machinery and valuable equipment, such as propellers, radar equipment and GPS systems should be carefully packed in strong packaging and shipped by container. The hull of the leisure craft should be securely fixed on a wooden or aluminium cradle and shipped below decks on an ocean-going vessel. To ensure the leisure craft will be loaded/unloaded properly, insurance companies usually require the insured to conduct a supervised loading and discharging survey. In addition, professionals should be employed to oversee the correct loading and unloading of the leisure craft.
If you want to learn more about marine cargo insurance for delivery of luxury goods, you're welcome to contact us with any enquiries.