Ocean Cargo

Novus assists our agencies in placing their ocean cargo risks throughout the US and World (through our London arm). We have several brokerage markets as well as several in-house binding facilities to easily place your ocean cargo accounts. To obtain a quote, please log into the underwriting platform and upload a full submission and one of our in-house underwriters will facilitate the quoting process.

Register Here To Become Appointed

Sample Commodities:

  • General Cargo
  • Bulk Oil, Crude Oil
  • Gasoline
  • Petroleum and Specialist Fuels
  • Coal, Coking Coal, Petroleum Coal
  • Minerals and Ores
  • Chemicals in bulk, tanktainers or drums
  • Metals
  • Project Cargo (with ability to offer Delayed Start-Up)
  • Fish catch
  • Timber / Lumber
  • Plant / Equipment In Transit
  • Grain & Rice
  • Refrigerated Products

Annual Cargo Policies:

  • Annual Open Cargo Policies covering Door to Door
  • Project Cargo – One Off Shipments
  • Domestic Inland Transit
  • Foreign Overseas Inland Transit
  • Warehousing
  • Exhibition, Demonstration, and Consignment
  • Consolidation/Deconsolidation
  • Salesperson’s Samples
  • Contingent Interest
  • Expediting Expense
  • Total Loss Only
  • Others Coverages Available!

Stockthrouput Policies:

  • Annual Cargo Policies covering Door to Door
  • Warehouse coverage included
  • Covering raw goods to final distribution end point
  • Coverage for goods at any point in transit
  • Domestic Inland Transit
  • Foreign Overseas Inland Transit
  • Warehousing
  • Others Coverages Available!

Geographical Specialty: Worldwide Coverage

Submission Requirements: Ocean Cargo Application; Loss Runs, COPE information of Warehouse (for Stockthrouput policies)

Placement Process: For Larger Limits, we will look to place a policy on a quota share basis through our London office

Maximum Limit: $10,000,000,000+

Minimum Premium: $1,000+

Minimum Deductible: $500

Submission Process: Via online quoting platform or submissions@novusunderwriters.com

London Submissions: To access the International London market for larger submissions and on a quota share basis, please submit to london@novusunderwriters.com