Cargo Insurance
Marine, inland, storage, and comprehensive liability insurance solutions for bulk petroleum trade.
Insurance Products
Marine Cargo Insurance
Covers cargo loss risks during ocean transport, including FPA, WPA, and All Risks. Suitable for crude oil, fuel oil, rubber, and bulk sea freight.
Coverage Scope
- Natural disasters (storms, lightning, tsunami)
- Transit accidents (stranding, collision)
- General average contribution
- Salvage charges & special expenses
Inland Transit Insurance
Covers cargo loss risks during road and rail transport. Suitable for bonded warehouse-to-port shuttle and cross-border land transport.
Coverage Scope
- Vehicle collision & overturning
- Tunnel & bridge collapse
- Fire & explosion
- Accidental damage during loading/unloading
Storage Insurance
Covers cargo loss risks during bonded and overseas warehouse storage. Suitable for crude oil tanks, rubber warehouses, paraffin storage.
Coverage Scope
- Fire & explosion damage
- Flood, rainstorm & natural disasters
- Theft & malicious damage
- Quality deterioration during storage
Comprehensive Liability
Comprehensive liability coverage across the trade chain, including third-party damage, product liability, and environmental liability.
Coverage Scope
- Third-party injury & property damage
- Product quality liability
- Environmental cleanup costs
- Legal defense & litigation costs
Partner Insurers
Ping An P&C Insurance
StrategicPICC P&C
PartnerCPIC
PartnerTypical Claims Scenarios
Storm damage during ocean transit
A fuel oil shipment from Singapore to Ningbo encountered a typhoon; partial cargo was damaged by seawater ingress. Damage assessment completed in 5 business days; 92% claim settlement ratio.
Bonded warehouse fire causing inventory loss
An electrical fire at a bonded warehouse damaged 200 tons of rubber. Storage insurance covered fire loss; claim settled within 30 days after assessment.
Vehicle rollover during road transport
A container truck carrying paraffin rolled over; partial packaging damaged. Inland transit insurance covered accident loss including salvage costs.
Insurance Process
Submit Info
Provide cargo info, route, coverage amount, and upload trade docs (contract, B/L)
Insurance Quote
Partner insurer issues premium quote and policy terms within 1-2 business days
Confirm Coverage
Confirm premium, sign application, and receive official insurance policy
Claims Service
Claims assistance: reporting, damage assessment, documentation, and full progress tracking
FAQ
Does SNSUC underwrite directly?
No. SNSUC provides insurance information matching and application assistance only. We do not underwrite directly. Policy terms, premiums, and claims are determined independently by partner insurers.
What documents are needed for insurance?
Typically: trade contract, commercial invoice, bill of lading (B/L), packing list, cargo value certificate, and transport route details. The exact list depends on the insurance type and insurer.
How do I file a claim?
Contact SNSUC insurance liaison immediately at info@snsuc.com. We will assist you with reporting the incident, preserving evidence, collecting documentation, and tracking the claims process.
How are premiums calculated?
Premiums are determined by cargo value, transport route, insurance type, cargo characteristics, and other factors. Partner insurers will issue quotes based on your specific situation.
⚠ Important Notice： SNSUC does not underwrite insurance directly. We provide information matching and application assistance only. Actual terms, premiums, and claims are determined independently by partner insurers. Please read policy terms carefully before applying. For questions, contact info@snsuc.com.
