Why is Cargo Insurance so Important?

As part of a project to benchmark the safety of containers at sea, the National Cargo Bureau (NCB) recently completed a random inspection of 500 import and export ocean shipping containers and discovered that 55% had misdeclared, misplacarded and/or improperly secured cargo.

NCB inspects approximately 31,000 US export “haz-mat” containers per year on behalf of ocean carriers to ensure the safety of cargo being loaded on their ships; however, NCB does not typically inspect import containers arriving at US ports. Of the 500 containers included in this project, 49% of the imports and 38% of the exports containing dangerous goods failed inspection. Improperly secured cargo which could result in dangerous cargo shifting in transit was also found in numerous non-hazardous containers. A document prepared by the World Shipping Council for the upcoming meeting of the UN International Maritime Organization’s Subcommittee on Carriage of Cargo and Containers noted that “the increasing number of casualties related to container fires during the past years suggests that the problem is exacerbating.”

While your cargo may be properly packed you cannot guarantee that your shipment is not exposed to risks caused by an improperly packed or misdeclared neighboring container. These risks not only include the exposure to direct physical loss or damage to your goods, but also potential contributions to General Average as experienced by those onboard the MSC Flaminia or Maersk Honam. Shipper’s Interest Cargo insurance is the most cost efficient and effective risk management strategy for mitigating these exposures over which you have absolutely no control. Call Roanoke today to make sure your or your clients’ shipments are protected from loss!

Article source: Insurance Marine News

Our Latest Articles

What is the Better Recovery Option – Carrier’s Legal Liability or Cargo Insurance?

As featured in 3PL Perspectives Magazine in October 2023 Shippers must understand the differences in recovery options and choose the best and most cost-effective method to safeguard their financial interests. Property brokers and forwarders can assist customers by providing insightful guidance on these commonly misunderstood options. Rules of the Road – Interstate Shipments Since 1906, […]

Roanoke Appoints a New Regional Vice President and Head of Sales

Roanoke has appointed two key leaders to new roles, effective November 1, 2023. Please join us in congratulating Patrice Lafayette for accepting the position of Regional Vice President, Western Region, and Grant Goldsmith, who has accepted a position as Head of Sales. Patrice has been a steadfast leader of Roanoke’s Western Region for more than […]

Clearing the Hurdles: How to Successfully Navigate Project Cargo Risks

Written by Andrew Johnson & featured in the American Journal of Transportation Imagine you have spent six months planning and bidding the transportation of a large piece of equipment. The shipment travels from origin to port and is loaded onto an awaiting vessel for the ocean voyage to the destination port. The equipment is offloaded […]

Sign up for our latest articles and events.

Roanoke is the leading provider of insurance and surety solutions for transportation and logistics providers. In fact, we are recognized as the most reliable source for U.S. customs bonds.


If you have any questions or need help, feel free to contact with our team.



1501 E. Woodfield Road

Suite 400W

Schaumburg, IL 60173


390 Bay Street

Munich Re Centre, 22nd Floor

Toronto, ON M5H 2Y2

Solutions that Go the Distance.

© 2021 Roanoke Insurance Group Inc. A Munich Re company

Better Business Bureau logoCoverholder at Lloyd's logo