Companies transporting their own cargoes typically include commodity traders and manufacturers who either deliver their commodities or goods to, or order their supplies from, overseas.

In this case, it is quite possible that shipping is not the company’s main business and, while they may be aware of the need for marine cargo insurance that covers the loss of, or damage to, cargo, they may not be familiar with the liabilities they face by taking on the role of charterer.

It is therefore extremely important that they receive advice from expert liability insurers before arranging cover through a Charterers’ Liability insurance.

What kind of liabilities do you face?

The main area of liability that a company transporting its own cargo is likely to face involves damage to the chartered vessel.

This could be caused by stevedores during the loading or unloading of the cargo, by the cargo itself during transit, or by an unsafe berth or port.

It is worth noting that under certain Charter Parties, a company will be liable for loss or damage caused by its own cargo, even if separate cargo has been taken out.

Our Charterers’ Liability Insurance will cover these eventualities, ensuring you remain covered whatever role you play in the process of shipping and transportation.