ABSTRACT
Project Cargo is, quite simply, much bigger, heavier and more challenging to carry than the traditional goods that make up cargo in transit throughout the world. Project Cargo requires a highly specialised form of marine cargo insurance, covering the national or international movements of equipment, materials or goods from manufacturing to construction site. The present-day supply chain for a modern infrastructure project can involve numerous manufacturers from several countries, a number of differing contractors and an array of supply routes that will involve any combination of land transport, sea, river, rail, road or air. Project Cargo insurance allows the principal to have one policy that protects against damage to equipment during transit to the project and, if required, can provide insurance to protect against delay in the project start-up as a result of a marine peril. In terms of shipping Project Cargoes, insurance is vital to the contract.
