Insurance Certificate
Proof of marine cargo insurance coverage for goods in transit.
What It Is
A marine cargo insurance certificate provides evidence that goods are covered against loss or damage during international transit. It specifies the coverage terms, insured value, and conditions under which claims can be made.
Common coverage types:
- Institute Cargo Clause A — All-risks coverage (broadest)
- Institute Cargo Clause B — Named perils including fire, collision, jettison
- Institute Cargo Clause C — Limited perils (fire, collision, stranding)
When It's Required
- CIF / CIP shipments — The seller is contractually obligated to provide insurance under these Incoterms
- Letter of credit transactions — Banks typically require an insurance certificate
- High-value cargo — Recommended for any shipment where loss would be significant
- Country requirements — Some importing countries mandate proof of insurance
Required Fields
| Field | Purpose |
|---|---|
| Insured party | Party covered by the policy |
| Insurance company | Underwriter providing coverage |
| Policy / certificate number | Unique policy identifier |
| Insured value | Value covered (typically CIF + 10%) |
| Currency | Currency of the insured value |
| Coverage type | Institute Cargo Clause A, B, or C |
| Voyage details | Origin, destination, transport mode |
| Description of goods | Cargo being insured |
| Conveyance | Vessel name, flight number, or vehicle |
| Claims agent | Contact for filing claims at destination |
| Coverage period | Start and end dates of coverage |
Klervex Validation
Klervex validates that:
- Insured value meets or exceeds the shipment CIF value
- Coverage type is specified
- Voyage details match the shipment route
- Insurance is provided when Incoterms are CIF or CIP
- Policy number and insurer details are present