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Logistic Service

Air Freight
Insurance

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WHAT IS AIR FREIGHT INSURANCE?

Air freight insurance refers to official documentation that guarantees compensation in the event of loss or damage of shipments through air.

FACTORS TO CONSIDER BEFORE USING AIR FREIGHT INSURANCE

COST

Given the speed that comes with air freight, it costs relatively higher as compared to sea freight.

CAPACITY

Air freight is not as suitable to transport freight that is larger in quantity or size due to the limited air cargo space.

TIME

Air freight transportation usually takes only a few days to ship freight and is hence a relatively fast shipment mode. Time-sensitive goods would be more efficiently shipped via air freight.

RELIABILITY

Planes operate by daily flights, therefore in the case where a flight is cancelled, it would not cause much of a delay. Freight would reach its destination as scheduled most of the time.

"ALL RISK" COVERAGE

An “All-Risk” insurance policy is the most extensive one as it provides coverage for many aspects, in the case where there is loss or damage caused by external factors. Some aspects that are covered would include collision, explosion, leakage and breakage. However, not all perils are covered – some of the excluded ones are improper packing, rejection of goods by custom authorities as well as used goods.

FREE OF PARTICULAR AVERAGE (FPA) COVERAGE

FPA is applicable to certain products such as used goods and waste materials. FPA covers partial and total losses and its coverage include sinking, burning, explosion and so on. Unlike “All-Risk” Coverage, however, FPA does not cover losses due to leakage and breakage, for example. Losses resulting from heavy weather are only covered when there is a partial loss.

WITH AVERAGE (WA) COVERAGE

WA coverage is an extension of FPA coverage such that it includes losses due to heavy weather. Both FPA and WA can be further extended to include other coverage such as theft.

OBTAINING LETTER OF CREDIT

A letter of credit from the bank is often required as part of the documentation needed for custom clearance. In some cases, obtaining a letter of credit would require the presence of an insurance policy. Hence, freight insurance may be essential in order to get money.

COMPLETE PROCEDURES

For import procedures to follow through, certain countries may require an insurance policy. There is therefore a need to purchase freight insurance in such a case to ensure a smooth delivery process.

COMPENSATION

Freight insurance provides coverage for the losses or damages of shipments, hence this allows shippers to be compensated in such events.

WHY CHOOSE 
M&P
INTERNATIONAL FREIGHTS?

FREIGHT FORWARDER 

AND CUSTOMS BROKER

Unlike other freight forwarders, we also provide a full range of customs brokerage services.

GLOBAL OPERATION HUBS

Established in 2006, we serve globally via our operation hubs in China, Indonesia, Malaysia, Singapore and Philippines.

ONE-STOP PROVIDER

M&P International Freights offers a comprehensive suite of services to ensure a seamless shipping experience. From customs clearance and cargo insurance to international courier services and door-to-door shipping, we handle every detail under one roof, simplifying your logistics management and streamlining your operations.

COMPETITIVE PRICING

Being one of the largest international freight forwarding company, we are able to provide cost efficient pick-up from any cities around the world.

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quotation

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