Did you realize
that in the event your cargo is lost, damaged or destroyed in
transit, you are very often only eligible for:
$20‑ per kilogram in the case of air
$500‑ per package in the case of ocean freight?
This comes as a
rude surprise to many shippers, especially as they do not realize
this matter until an unfortunate, calamity befalls their cargo.
example, the following scenario: Your cargo is in a container
aboard an oceangoing vessel. The vessel hits rough seas and in
order to save the rest of the ship, the captain chooses to
jettison the container carrying your cargo. This is called
general average. In this situation, everyone else who has cargo
on the boat must pay a portion of the loss. The carrier in this
situation would be held harmless because the attitude attached to
maritime admiralty laws is that if the cargo wasn't given to the
carrier in the first place, they wouldn't have had a problem.
Where does this leave you without insurance? Probably only able
to collect the proscribed $500‑ for the container. Where does
this leave everyone else on the vessel? If they have insurance,
their insurance carrier will post bond to cover the expected
loss. Anyone else without insurance would be expected to post a
cash bond to get their cargo released.
UNIVERSAL NETWORKS, INC., we understand the substantial value you
place on your international shipments and recognize the importance
of making sure that cargo is insured, both on the import and export
Under our Open
Marine Policy, we are able to provide "all‑risk, warehouse to
warehouse" coverage for most commodities to and from all places of
the world. Of course, some cargo and destinations will carry
restrictions, exclusions or deductibles. These limitations can be
laid out in a comprehensive quotation provided by a Singh Universal
Networks, Inc. representative.
We can offer a
variety of coverage suited to your exact shipping requirements . .
convenience and as part of our comprehensive approach to service, we
can handle all insurance related documentation, reporting, payment
of premiums and assist you in claims settlement processing. Premium
charges are included in our single invoice for services and related
imports must be backed by surety bonds, you'll appreciate a
full‑service partner like Singh Universal Networks, Inc. As an
agent for leading insurers, we can immediately arrange all required
surety bonds so your goods can be
expedited to their final destination. We believe our rates are very
competitive for single entry, continuous and drawback Customs surety
requirements are, Singh Universal Networks, Inc. can keep you
"covered" every step of the way.