Damaging weather conditions, rough handling by carriers, and other common hazards to cargo make insurance an important protection. Depending on international commercial terms, either the supplier (the exporter) or the buyer (the importer) is at risk for the cargo in transit. Without insurance, an exporter/importer could have no recourse. Marine Cargo Insurance is essentially ‘transportation insurance’, since its scope covers all movements of cargo by all modes & means of transport, where there is a contract of carriage.