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,
- Cotton samples,
- Cottonseed
- Bagging and ties
- Other Commodities
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, includes foreign shore detention.
- Local/domestic transit, various INCO Terms FOB, FAS, CFR, EXW, and CIF shipments are covered for any means of transportation, including transshipments.
- Terms of Trade include ICA – International Cotton Association, ACSA American Cotton Shippers Association Southern Mill Rules.
- Warehouse to warehouse coverage.
Optional coverage:
- Increased Value
- 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