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

Guarding Against Fictitious Pickups and Cargo Theft: Tips and Training

Fictitious pickups are increasing in North America. In the US, the percentage of cargo thefts due to fictitious pickup rose from 1% in 2022 to 17% in 2023. Strategic theft patterns are also rising, where thieves use identity theft and fraud with fictitious pickup and brokering schemes to obtain loads from freight locations. Combatting this […]

ATA Carnets and the Olympics: A Winning Combination for Freight Forwarders

As the Olympic flame burns brightly, athletes from around the world gather to compete in a showcase of human achievement and global unity. For freight forwarders, the Olympic Games represent a unique opportunity to play a crucial role behind the scenes, ensuring that equipment and goods cross international borders seamlessly. The key to this success? […]

CBSA’s CARM Launch Update: What You Need to Know

The Canada Border Services Agency (CBSA) announced on April 19, 2024, a crucial update regarding the launch of its groundbreaking CBSA Assessment and Revenue Management (CARM) system. Amidst shifting labor dynamics and a commitment to ensuring a seamless transition, the CBSA has rescheduled the external launch of CARM to Trade Chain Partners (TCPs) to October […]

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.

© 2024 Roanoke Insurance Group Inc. A Munich Re company

Better Business Bureau logoCoverholder at Lloyd's logo