INTTRA to Offer Cargo Insurance Through Ocean Shipping E-Commerce Network

April 29, 2013

INTTRA, a global multi-carrier shipping network for ocean freight, has launched a new member service that enables shippers to purchase cargo insurance from marine insurance specialist, FP Marine Risks, via INTTRA’s e-commerce platform.

INTTRA members can elect to purchase cargo insurance during the shipping process through Alto, FP Marine Risks’ online insurance platform. Effective immediately, shippers can click a link to request a quote from FP Marine Risks through the INTTRA platform, embedding the ability to purchase cargo insurance into their shipping workflow. Insurance certificates are issued online and serviced by Lloyd’s of London broker FP Marine Risks.

Small to mid-sized shippers and freight forwarders will be able to insure cargo through INTTRA, with no requirement for bonding, and premium payments due on a Net 30 basis.

Coverage offered through FP Marine Risks includes protection against “all risks” for the full cargo value – including freight charges. FP Marine Risks offers coverage for all types of cargo including more than 12,000 codes from the Harmonized Tariff Schedule (HTS codes), shipments to high-risk areas, and options for additional storage coverage before or after arrival at destination.

FP Marine Risks Limited’s sole business is marine insurance and reinsurance broking. Headquartered in Hong Kong with offices in London, Sydney, Melbourne, Beijing and Taipei, the company provides marine insurance products to a range of clients in the maritime and trading communities. The business portfolio extends across marine hull, liability and cargo exposures worldwide.

INTTRA is a global, multi-carrier e-commerce network for the ocean shipping industry. INTTRA professionals work with 40 carriers and NVOCCs, 109 software alliance partners, as well as their customers, to streamline and standardize their shipping processes worldwide through a network of more than 200,000 shipping professionals. Over 525,000 container orders are initiated on the INTTRA platform each week, representing more than 18 percent of global ocean container trade.

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