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Cargo, Specie & Stock Throughput

At AqM we provide insurance programs to cover all types of goods, commodities and merchandise for physical loss, damage or liabilities to goods whilst in transit by land, sea and air or whilst in storage, anywhere in the world.

 

Each cover is individually created to address the risks involved and will include an appropriate range of extensions providing wider coverage than is offered under standard covers.

We specialise in:

  • Retail, distribution and logistics companies
  • Oil, energy and commodities
  • Construction industry
  • Agriculture and farming
  • Manufacturing and heavy industry
  • Food and drinks industries requiring frozen or temperature controlled
  • Storage only placements

We are able to provide bespoke policies for

  • Global transit and storage programs
  • Stock throughput worldwide policies
  • Storage
  • Global trade disruption
  • Single consignment and annual cargo policies
  • Project cargo and marine delay in start-up cover
  • Cover against trade disruption and war risks on land
  • Guaranteed out-turn (oil)
  • Consequential loss (marine business interruption or projects)Weather an individual contract is required or bulk placements using one of our facilities AqM is able to provide immediate terms and cover. Please contact us if you require any assistance with the above.
  • Global transit and storage programs
  • Stock throughput worldwide policies
  • Storage
  • Global trade disruption
  • Single consignment and annual cargo policies
  • Project cargo and marine delay in start-up cover
  • Cover against trade disruption and war risks on land
  • Guaranteed out-turn (oil)
  • Consequential loss (marine business interruption or projects)Weather an individual contract is required or bulk placements using one of our facilities AqM is able to provide immediate terms and cover. Please contact us if you require any assistance with the above.

Stock Throughput

  • Gives cover for all moveable goods (inventory) that are the subject of the insured’s trade, including raw materials, semi-finished, and finished products. The goods are covered at all times whether in transit, undergoing process (although damage caused by the manufacturing process is excluded), or in storage at owned or third party premises.A single policy providing seamless cover (preventing overlap in cover and more importantly gaps), will produce premium saving and more control of inventory risks throughout the entire supply chain, from the supplier or point of origin through the to the goods’ final destination / until such time that interest ceases.

Coverage

  • Supplies, raw materials and finished products
  • Uninterrupted coverage – from “Extraction to Retailer”
  • Whilst in transit whenever / wherever in the world
  • Pre – manufacture storage
  • At third party processors / outworkers
  • Storage of finished product in distribution centres
  • Distribution to final customer, including installation if required

Why use it?

  • No gaps in cover – elimination of “Grey Areas” between standard Cargo policies and Non-Marine policies
  • In the event of claims it can mitigate the effect of major transit and/or stock losses
  • One policy – reduce costs and administration
  • Mitigates effects of major transit and/or stock losses
  • Offers stability in pricing
  • Maximise capacity between the Marine and Non-Marine insurers and provides increased limits for windstorm, flood and earthquake exposures
  • Lower retentions for stock / inventory particularly for catastrophe exposures

Scope of Coverage

  • All Risks of physical loss or damage, including earthquake, flood and windstorm
  • Low level deductibles at fixed dollar amounts or percentage based on some cargoes
  • War (water or airborne), Strikes, Riots and Civil Commotions and transit-related terrorism
  • Covers obligation to contribute to General Average

Basis of valuations

  • Import CIF
  • Cargo in transit – Finished goods in store
  • Unsold stock Replacement Cost / Selling Price less unincurred expenses
  • Raw materials – Work in progress
  • Export commercial invoice

Physical loss or damage insurance for all types of vessels to covering the extensive types of trading liabilities…

Material damage to the property, contents, stock and plant from exposure to insured perils and other operational risks…

Protecting assets, expenses and liabilities of the energy sector for clients involved in power generation and utility companies…

Insuring the hull against loss or damage, third party liability, personal accident, legal expenses…

 TWITTER IN MAIL

RISK MANAGEMENT

We focus on our clients’ needs with the aim to
minimize risk. AqM will go beyond the usual
boundaries of the standard insurance broker;
we combine knowledge, flexibility and progressive
thinking to achieve transparency for our clients.

CONTACT US

LONDON OFFICE
1 Lloyd’s Avenue, London, EC3N 3DQ, UK
info@aqmltd.com

PANAMA OFFICE
77th Street, San Francisco, Bldg 26,
Panama City, Republic of Panama
info@aqmltd.com
Direct dial from Panama + 838 6053

TERMS OF BUSINESS

CLAUSES & PROPOSAL FORMS

For your information and convenience we have published a number of Insurance Clauses, and Proposal Forms for you to download to view or print.

AqM is Authorised and Regulated by the UK Financial Conduct Authority (FCA) – 311727
Republica de Panama Superintendencia de Seguros Reaseguros ROC (Registration Number) – 002