DP World has launched a cargo war-risk insurance product for Middle East trade routes with continuous cover across sea, air, port storage and inland transport, according to DP World.
The Dubai-based operator said the programme is available to companies trading in or through the Middle East and is meant to close gaps left by conventional policies that usually insure only one leg of a shipment.
Cover applies to physical loss or damage linked to war-related risks, including conflict, civil unrest, seizure and derelict weapons, with valid claims settled with zero deductible.
Customers can buy a single end-to-end policy or standalone ocean, air or land transit cover. The programme includes automatic port storage cover for up to 14 days and coverage limits of up to $400m per shipment and $1m per inland movement.
DP World said the product is intended to support cargo flows on regional corridors including the Arabian Gulf, the Red Sea and connected inland routes.
In the company’s example, cargo moving from Asia into Jebel Ali remains insured from entry into the war-risk zone through final inland delivery rather than losing protection after ocean discharge.
DP World is a Dubai-headquartered logistics and supply chain infrastructure group is a provider of end-to-end services spanning ports and terminals, freight forwarding, contract logistics, marine services, market-access solutions and economic zones.
