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What is a Special Marine Policy or Certificate of Insurance and why do I need one?

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What is a Special Marine Policy or Certificate of Insurance and why do I need one?

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The terms Special Marine Policy and Certificate of Insurance are used interchangeably in ocean marine insurance. Certificates are utilized when exporters must furnish evidence of insurance to customers, to banks or to other third parties in order to permit the collection of claims abroad. The original and duplicate copies of these forms are negotiable instruments, which will enable a consignee or a bank to make a claim overseas, if the goods are damaged in transit. • Can I issue an online Ocean Marine Certificate of Insurance? Yes. If you haven’t already signed-up for access to the online Ocean Marine Certificate of Insurance application, click on Cargo Certificates of Insurance and choose the sign-up option. If you have signed-up, click on Cargo Certificates of Insurance and proceed with creating an online ocean marine certificate of insurance. • How can I obtain Ocean Marine Premium and Loss Statistics? Please contact your agent or broker who will be happy to assist you.

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