As the MOL Comfort reminded everyone in 2013, cargo losses can occur at any time. The vessel's "back" broke and the two parts became separated, drifted apart and each eventually sank.
A vessel owner is only liable for $500 per declared unit on a bill of lading. This amount is hardly enough to make a shipper's interests whole.
RELCO offers cargo insurance to protect your interest
RELCO carries an open cargo policy that allows us, at a shipper's direction, to attach cargo coverage to any shipment, even project cargo.
With a little additional information, we can also work to secure an importer-specific rate based on mode of transport, claims history, and commodity.