Since I only ship Free on Board (FOB), do I really need insurance?
As a shipper you still may have risk with respect to FOB shipments, including ensuring there is clarity around where the risk transfer point is, as well as what your customer’s expectations may be. It may still be beneficial to consider coverage even for FOB shipments.
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I only import Cost Insurance and Freight (CIF). Why would I need added insurance? I already have my own policy. Isn’t that enough? What are the chances that anything will happen to my goods? What are the “Incoterms”? Maersk offers cargo insurance. Do i need to buy own cargo insurance? How do I calculate the volume for my LCL cargo? What does warehouse-to-warehouse mean?New to Maersk.com?
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