Marine Hazards Every Exporter and Importer Should Worry About

The marine industry plays a crucial role in the international trade system. It helps the exporter to trade with the importer in the international market. In addition, it gives a significant push to the global economy. Essential commodities such as Grain, Sugar and Cement are generally supplied in bulk by vessels from one nation to another. However, such a process involves various kinds of risks. There are several marine hazards every exporter and importer should worry about.

Read more
marine

Get right expert advice

Hassle-free policy

Speedy Claims

Fast-track your search with instant quotes from prominent insurers

Insure Your Goods in Transit - ₹10 Lakh Cover at ₹591+ only!

Instant policy copy
All commodities available
Single transit and annual covers

Insure Your Goods in Transit - ₹10 Lakh Cover at ₹591+ only!

Instant policy copy
All commodities available
Single transit and annual covers
We don't spam
Get Updates on WhatsApp
Check Your Premium Now

Insure Your Goods in Transit - ₹10 Lakh Cover at ₹591+ only!

Insure Your Goods in Transit - ₹10 Lakh Cover at ₹591+ only!

Instant policy copy
All commodities available
Single transit and annual covers
Fast-track your search with instant quotes from prominent insurers
Expert advice

Buy right

Instant policy

Quick & Hassle free

Dedicated team

Speedy Claims

Marine Hazards Every Exporter and Importer Should Worry About

A vessel generally carries hazardous goods that need special attention and care regarding loading, transportation and unloading. Let us discuss some marine hazards every exporter and importer should worry about.

Cargo Falls

Cargoes, including steel, iron, etc, usually have high densities. Therefore, such cargo may fall while discharging the operations. It may fall on the ship deck. Workers working on the ship may sustain a severe injury. In addition, such a fall may also cause death to the worker. Therefore, the concerned supervisor must be obliged to monitor such operations. He needs to ensure that everyone should be present in the working area. He should ensure that every worker possesses or wears a helmet and other safety gear to avoid such risks.

Dust on the Cargo

Dust is another marine hazard every exporter and importer should worry about. Bulk cargo generally consists of specks of dust. Inhaling such dust may cause severe injury to the health of the workers. It may further irritate the eyes. In addition, the dust available in the cargo may cause sneezing issues. Therefore, it should be mandated by the vessel owner or caption of the ship that everyone wears a respirator while loading and unloading goods. Moreover, they must ensure that the goods or machinery are dust-free.

Fire

Fire is another risk that every exporter and importer of goods should worry about. The fire may emanate in the ship due to heat produced by bulk cargo.

For example, some cargo such as cotton, fishmeal and coal are likely to have heat and may be the cause of the fire on the vessel. Coal is famous for emitting flam gas. It may be explosive if it mixes with air.

Another cargo like Sulpher may cause dust which may explode at any moment. Therefore, the crew and caption of the ship must take necessary precautions to avoid fire. The exporter and importer must purchase or subscribe to a marine insurance policy in order to mitigate the losses caused by fire. The marine policy covers the loss or damage caused due to fire.

Oxygen Issue

Woods and agricultural goods may cause oxygen depletion in the ship. Such goods may release carbon dioxide. These kinds of shipments may cause a worker's life. The space remaining in the carriers may create a toxic atmosphere for the workers.

In addition, it may also cause accidents. Coal, fertilizers, and iron may deplete oxygen. These goods are also known for releasing gasses, including hydrocarbons, Carbon monoxide, and Carbon dioxide. Therefore, the exporter must ensure ventilation and properly inspect the ship before allowing the personnel to move to the ship.

Conclusion

One may notice several marine hazards every exporter and importer should worry about. The exporter and importer are required to inspect the ship at several intervals. The shipper must ensure to carry essential items such as a First Aid box in order to avoid medical issues. Further, the exporter must purchase a marine insurance policy in order to ensure the safety of the goods. The marine insurance policy indemnifies the policyholder against any loss or damage caused to the cargo loaded on the ship.


Marine Insurance Premium Calculator

Select Commodity

  • New machinery machine tools & spares in closed ISO containers
  • Solar panel
  • Machinery machine tools & spares duly packed/lashed
  • Electronic & white goods
  • New machinery machine tools & spares in closed ISO containers
  • Solar panel
  • Machinery machine tools & spares duly packed/lashed
  • Electronic & white goods
  • New machinery machine tools & spares in closed ISO containers
  • Solar panel
  • Machinery machine tools & spares duly packed/lashed
  • Electronic & white goods

Select Mode of Transport

  • Road
  • Air
  • Sea
  • Courier
  • Rail

Cover Amount Required

Enter value between 10 thousand to 10 crore

Calculate

Premium starts from

Great! Now Unlock Best Plans for You

No online plans found!

But, we have offline plans ready.
Connect with our advisor to explore more

Schedule a callback
Re-calculate
Disclaimer: Above mentioned insurers are arranged in alphabetical order. Policybazaar.com does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer.
Marine Insurance Articles
When moving to a new home, safeguarding your household articles during transit is crucial. Transit insurance...Read more
27 Oct 2020 by Policybazaar 13367 Views
The principles of marine insurance are essential for maintaining fairness and consistency in the delivery of...Read more
10 Feb 2020 by Policybazaar 14385 Views
Warranties in marine insurance are referred to as assurance of coverage provided by the insurer. It outlines the...Read more
20 Jul 2023 by Policybazaar 6607 Views
Marine insurance and its advantages cannot be ignored if you are in a shipping business or your business needs...Read more
19 Aug 2022 by Policybazaar 8417 Views
In the shipping business, different types of losses can happen. Marine insurance helps manage these risks by...Read more
23 Nov 2022 by Policybazaar 10699 Views
In the intricate web of India's transport industry, the movement of goods plays a vital role in driving the...Read more
03 Nov 2023 by Policybazaar 2957 Views
Any shipment moving from one country to another requires customs clearance. Apart from international laws and...Read more
22 Nov 2022 by Policybazaar 6948 Views
Incoterms or International commercial terms are some standard terms published by the ICC (International Chamber of...Read more
10 Aug 2023 by Policybazaar 3750 Views
Marine insurance coverage is divided into two types. One is International Cargo Clause (ICC) and the second is the...Read more
13 Aug 2022 by Policybazaar 10380 Views
In addition to the basic carrier policy, a Freight insurance policy will provide additional protection for your...Read more
18 Mar 2019 by Policybazaar 24389 Views
If your business involves the transportation of finished or unfinished goods or raw materials, you probably need a...Read more
15 Nov 2022 by Policybazaar 5555 Views
Transporting goods across the vast expanse of oceans comes with inherent risks. Perils of the sea, a term used in...Read more
05 Apr 2024 by Policybazaar 2955 Views
Within the transportation industry, where goods traverse vast distances across different modes of transport,...Read more
29 Apr 2024 by Policybazaar 2398 Views
The marine policy covers several kinds of risks faced by ship or cargo owners. It is an essential insurance policy...Read more
25 May 2023 by Policybazaar 4258 Views
Whenever goods and commodities are on the move, they are at risk of damage. A logistics company's reputation can...Read more
28 Feb 2024 by Policybazaar 1685 Views
Export is the sale of goods and services manufactured in a...Read more
30 Apr 2025 by Policybazaar 15 Views
Shipping containers have evolved over the years. Now, businesses...Read more
25 Apr 2025 by Policybazaar 53 Views
Selecting the right shipping line is crucial for Indian...Read more
07 Apr 2025 by Policybazaar 138 Views
RFP, or Request for Proposal in freight forwarding, is a formal...Read more
03 Apr 2025 by Policybazaar 154 Views
Pallet shipping is a mode of transporting goods using pallets to...Read more
02 Apr 2025 by Policybazaar 160 Views
‘High Cube containers’ is a category of shipping containers...Read more
02 Apr 2025 by Policybazaar 154 Views
Expanding your business to international markets can be a...Read more
01 Apr 2025 by Policybazaar 159 Views
India has largely been an agricultural economy but has turned...Read more
18 Mar 2025 by Policybazaar 185 Views
Marine insurance is essential for protecting goods during...Read more
23 Oct 2024 by Policybazaar 823 Views
Within the transportation industry, where goods traverse vast...Read more
29 Apr 2024 by Policybazaar 2398 Views
The accumulation clause in marine insurance is a crucial...Read more
05 Apr 2024 by Policybazaar 1794 Views
Transporting goods across the vast expanse of oceans comes with...Read more
05 Apr 2024 by Policybazaar 2955 Views
Shipping insurance for high-value items is crucial to mitigate...Read more
03 Apr 2024 by Policybazaar 1928 Views
Intermediate storage in marine insurance plays a crucial role in...Read more
03 Apr 2024 by Policybazaar 1610 Views
The world of marine transportation caters to a vast array of...Read more
03 Apr 2024 by Policybazaar 1599 Views
Policybazaar for Business - Marine Insurance - Customer Reviews
View all
4.3/5
Based on 114 reviews
4.3
out of 5
Based on 114 reviews
14 users
87 users
13 users
0 users
0 users
3.8 April 20, 2023
Anas
Great Experience
I recently purchased Marine insurance from Policybazaar for my shipping business and I must say I am thoroughly impressed with their service and coverage. From start to finish, the experience has been smooth and hassle-free.Thankyou.
Mizoram
4.3 April 03, 2023
Vaishnav
Provides Comprehensive Protection
When it comes to coverage, Marine insurance that i bought from PolicyBazaar has exceeded my expectations. It provides comprehensive protection for my cargo and vessels during transit, ensuring I can focus on my business operations with peace of mind. Thankyou.
Assam
4.3 March 17, 2023
Umang
Excellent Services
I highly recommend Marine insurance from PolicyBazaar website to anyone in the shipping or logistics industry. Their user-friendly website, comprehensive coverage, and excellent customer service make them stand out from the competition. With Policybazaar, I feel confident in navigating the high seas, knowing that my business is well-protected. Thank you, Policybazaar.
Chennai
4.3 February 28, 2023
Vishal
User Friendly Interface
The website's user-friendly interface made it easy to compare different plans and find the perfect fit for my business needs.Thanks
Gurugram
4.3 February 11, 2023
Parth
Prompt Services
I appreciate the transparency and honesty with which Policybazaar handled my claims. They were prompt in processing my claim and their claim settlement process was hassle-free.Thanks PolicyBazaar.
Noida
3.8 February 10, 2023
Rishabh
Exceeds Expectations
I recently had the pleasure of purchsing marine insurance from Policy bazaar website and I must say it has been an outstnding experience from start to finish. I am thrilled to share my positive customer review, as this truly exceeded my expectations. Thanks PB.
Jamshedpur
3.8 January 31, 2023
Arvind
Easy Navigation
The ease of navigating the Policy bazaar website and finding the right marine insurance policy was impressive. The website's user-friendly interface and intuitive design made it incredibly simple to compare various options, understand the coverage details and make an informed decision. I appreciated the transparency provided throughout the process. Thanks.
Ajmer
3.8 January 21, 2023
Vishal
Excellent Support
The customer service provided by Policy bazaar was decent. Their team was responsive, knowledgeable and went above and beyond to assist me at every step. Their professionalism and commitment to customer satisfaction were truly commendable.Thankyou.
Mumbai
4.3 January 11, 2023
Sanjeev Rathor
Efficient Process
When it came to claims processing, Policy bazaar demonstrated remarkable eficiency and effectivenes. I had an unfortunate incident during the coverage period and filing a claim was a breeze. The entire process was streamlined and their team guided me throuugh every necssary step, making it hassle-free. The promptness with which my claim was setled reflected their commitment to their customers' well-being and peace of mind. Thankyou.
Pune
3.8 January 01, 2023
Kunal
Comprehensive Coverage
I must mention the comprehensive coverage provided by the marine insurance policy I purchasd through Policy bazaar. It offered me the necesary protection and peace of mind. Thankyou PolicyBazaar.
Indore