Importance of Ocean Freight Insurance in International Trade
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Ocean freight insurance is a crucial safeguard for businesses involved in international trade. Shipping goods across oceans comes with inherent risks, including damage, theft, or loss due to unforeseen circumstances like rough weather, accidents, or piracy. While proper packaging and secure handling can minimize risks, having ocean freight insurance ensures financial protection against potential losses. This insurance covers cargo from the moment it leaves the port of origin until it reaches its destination, offering peace of mind to business