freight revenue insurance

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Last updated

June 17, 2026

Quick Summary

Freight insurance is a type of marine insurance designed to protect the policyholder against the loss of freight money. This coverage is crucial if a shipowner is unable to complete their contract of carriage due to unavoidable perils.1

Marine insurance, also known as transportation insurance, covers various interests in ocean voyages. These include the vessel itself (hull insurance), the cargo, the freight revenue the ship owner expects to receive, and legal liability for negligence.23

Freight revenue can be insured in different ways. If a shipper must pay the freight bill regardless of delivery, the freight value is insured as part of the cargo's value. If the freight revenue depends on successful delivery, the carrier insures this revenue as part of their regular hull coverage.23

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insurance
Ocean marine insurance
Freight revenue may be insured in several different ways. If there is an obligation by the shipper to pay the carrier’s freight bill regardless of whether the goods are delivered, the value of the freight is declared a part of the value of the cargo…
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Freight revenue may be insured in several different ways. If there is an obligation by the shipper to pay the carrier’s freight bill regardless of whether the goods are delivered, the value of the freight is declared a part of the value of the cargo…
Read More