Our Expert Services

Insured Cargo Services

Image

About Service

Providing modern solutions for better securing and insuring your cargo.

KnightsBridge International's issuance policy insures our clients for up to $250 million against risks and liabilities arising from criminal and operational maritime shipping losses related to illegal cargo conversions and diminishments, unauthorized navigational course changes leading to cargo losses, as well as illegal theft from piracy actions.

Our Strategy

Bringing the right people together to challenge established thinking and Drive Transformation.
  • KnightsBridge International customers are individually added to our Lloyds America, Inc. insurance policy.
  • No individual policies for any KnightsBridge International customer will be separately required, created, and/or issued.
  • As KnightsBridge International, Inc. places its clients on our Lloyds America, Inc. insurance policy as an additional-named insureds, this will afford greater control over the product(s) than does a simple insurance policy while in transit from Port A to Port B.
  • KnightsBridge International, Inc. will not function as an insurance company, broker, and/or agency. As such, it neither sells nor trades insurance products of any type.

Key Benefits

At KnightsBridge International, Inc., you are secure in knowing that our Lloyds America, Inc. insurance covers land, sea, and air, all while providing key benefits for safely securing and insuring cargo transportations.
  • We provide up to   $250 million   of coverage for each and every loss.
  • Provides greater control over the product(s) than does a simple insurance policy while in transit from Port A to Port B.
  • No other cargo insurance program available with this conceptual design, nor is there an operationalized infrastructure that gathers and/or provides such information.
  • Our clients are individually added to our insurance policy. No individual policies for any KnightsBridge International customer will be separately required, created, and/or issued.
  • Greater flexibility. Utilizing our insurance services, unlike other policies, our clients have a wider-range of options when deciding on when, where, and how to safely and securely transport their cargos.

Key Policy Benefits

KnightsBridge International, Inc. insurance policy is provided via Lloyd's America, the US subsidiary of the famed Lloyd's of London

Our unique and unparalleled insurance policy, provides cargo insurance covering the risks of war, civil war, revolution, rebellion, insurrection, civil strife, hostile acts by or against a belligerent power, terrorism, and/or any person(s) acting from a political, ideological and/or religious motive.

Please note that the below list is not exhaustive, and exclusions may apply.  Please ask to speak with one of our experienced representatives for more information.
  • CIVIL AUTHORITY: Property which is insured under KnightsBridge International's insurance policy is also covered against the risk of damage or destruction by civil authority during a conflagration or for the purpose of retarding the same.
  • CONCEALED DAMAGE: If any physical loss or damage discovered on opening containers, cases, and/or packages it shall be deemed to have occurred during the transit, and shall be paid for accordingly unless proof conclusive to the contrary be established.
  • FOREIGN CURRENCY: Privilege is granted to the Insured to insure in foreign currencies, losses to be payable in the same funds.
  • GENERAL AVERAGE: KnightsBridge International insurance covers general average and salvage charges, adjusted or determined according to the contract of affreightment and/or the governing law and practice (of, if there is no contract of affreightment, according to Foreign Statement or to York-Antwerp Rules) incurred to avoid or in connection with the avoidance of loss from any cause.
  • NEGLIGENCE: In the event of unseaworthiness or a wrongful act or misconduct of ship owner, charterer, their agent or servants, shall, directly or indirectly, cause loss or damage to the cargo insured by sinking, stranding, fire, explosion, contact with seawater, or by any other cause of the nature of any of the risks assumed in the endorsement, KnightsBridge International insurance will (subject to the terms of average and other conditions of this policy) pay to the Insured the resulting loss.
  • PARTIAL LOSS: In all cases of damage caused by perils insured against, the loss shall, as far as practicable, be ascertained by a separation and a sale or appraisement (cost of which to become part of the claim) of the damaged portion only of the contents of the packages so damaged and not otherwise.
  • REMOVAL OF DEBRIS: KnightsBridge International's insurance is extended to cover, in addition to any other amount recoverable under this insurance, extra expense reasonably incurred by the Insured for the removal and disposal of debris of the subject-matter insured, or part thereof, by reason of damage thereto caused by an insured risk, but excluding absolutely: 1. any expenses incurred in consequence of or to prevent or mitigate pollution or contamination, or any threat or liability therefore; 2. the cost of removal of cargo from any vessel or craft.
  • SHORTAGE AND CONTAINER LOSS: Notwithstanding that seals may appear to be intact, KnightsBridge International's insurance covers theft, pilferage, conversion, shortage and/or non-delivery of contents (meaning the difference in number of packages as per shippers and/or suppliers invoice and/or packing list loaded or alleged to have been loaded in the container and/or trailer and/or vehicle and the count of packages removed therefrom at the time of unloading from the container and/or trailer and/or vehicle) and/or cargo and/or container sweat, howsoever arising.
  • TERMINATION OF TRANSIT (TERRORISM): KnightsBridge International's insurance covers loss of or damage to the subject-matter insured caused by: any act of terrorism being an act of any person acting on behalf of, or in connection with, any organization which carries out activities directed towards the overthrowing or influencing, by force or violence, of any government whether or not legally constituted or any person acting from a political, ideological, or religious motive.

Key Policy Exclusions

Below is a listing of key exclusions.  Please note that the below list is not exhaustive, and further exclusions may apply.  Please ask to speak with one of our experienced representatives for more information.
  • COMMUNICABLE DISEASES. KnightsBridge does not insure any loss, damage, liability, claim, cost, or expense of whatsoever nature caused by, contributed to by, resulting from, arising out of, or in connection with a Communicable Disease or the fear or threat (whether actual or perceived) of a Communicable Disease regardless of any other cause or event contributing concurrently or in any other sequence thereto.
  • NOT ISM CODE CERTIFIED: In no case shall KnightsBridge International insurance cover loss, damage, or expense where the subject matter insured is carried by a vessel that is not ISM Code certified or whose owners or operators do not hold an ISM Code Document of Compliance.
  • NO VALID ISPS CODE: In no case shall KnightsBridge International's insurance cover loss, damage, or expense where the subject matter insured is carried by a vessel that does not hold a valid International Ship Security Certificate as required under the International Ship and Port Facility Security (ISPS) Code.
  • SALVAGE: Claims recoverable may be adjusted on a salvage loss basis when so required by the Insured. The Insured must, however, use every endeavor to minimize loss.
  • SANCTION LIMITATION AND EXCLUSION: KnightsBridge International, Inc. shall not be deemed to provide cover and/or be liable to pay any claim or provide any benefit to the extent that the provision of such cover, payment of such claim or provision of such benefit would expose KnightsBridge International, Inc. to any sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations of the European Union, United Kingdom or United States of America..
Image

Your most asked questions
are answered by Our Experts

For more information regarding our services and/or company, please contact one of of knowledgeable professionals.