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Our Marine cargo policy provides global coverage designed to cover, on broad terms, the goods and merchandise of a cotton merchant and other commodities. Merchandise consisting of:
Cotton and cotton linters,
Motes in bales and/or in bags,
Bagging and ties
The policy covers the merchant’s products:
Time of purchase or when their interest begins, or
Until the time title passes, becomes the property of others, or
Delivered to the final destination, which may include 30 days foreign shore detention.
Local transit, FOB, FAS, C&F and CIF shipments are covered for any means of transportation, including transshipments.
Warehouse to warehouse coverage.
Buyer’s and Seller’s Interest
Policy coverage limits up to:
$12,000,000 any one conveyance
$250,000 any one truck
$12,000,000 any one storage location
Higher Limits Upon Request