CARGO AND STP INSURANCE

STOCK THROUGHPUT: Two covers under one policy

Tailor-made solutions of each risk. Flexible wording

Quote response in 24 hours, direct communication with fully empowered underwriting team

  • Limit of indemnity EUR 15 Million per shipment

  • Insureds domiciled in Spain, Latin America, Portugal, France

  • Stock and transit 12 months

  • ALOP/DSU

  • Wording in Spanish/English

  • Subject to Spanish law and jurisdiction

  • Worlwide geographical scope

STOCK THROUGHPUT

Stock throughput (STP) policies are designed for companies that import, distribute, or export merchandise. The policy provides cover for all moveable goods (inventory) that are the subject of the insured’s trade, including raw materials, semi-finished, and finished products. The goods are covered at all times whether in transit, undergoing process, or in storage at owned or third party premises.

Main characteristics:

  • Single policy under one carrier
  • Reduction in administration cost
  • Cover gaps, dramatically reduced
  • More competitive Premium compared to traditional cargo + property cover
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