While marine transport is generally secure, shipping cargo across vast distances inherently involves various risks and complexities. So, to safeguard businesses from the potential impact of unforeseen circumstances, robust risk management is essential.

Recognizing this critical need, MSC Thailand offers two comprehensive cargo protection solutions: MSC Extended Protection (EPR) and MSC Marine Cargo Insurance (MCI). These solutions are designed to shield shippers from cargo-related challenges, enabling them to focus on business growth and operations with peace of mind.

MSC Extended Protection: Seamless and Flexible

Operated directly by MSC, the EPR solution is tailored to meet the specific needs of its shippers, offering comprehensive multi-risk protection.  

Compared to MCI, EPR provides greater flexibility by allowing customers to purchase the extra layer of protection offered by the EPR for only a portion of the cargo rather than the entire container.

Key benefits of EPR include:

• Flexible Protection: Customers can choose to purchase cargo protection for only part of their cargo or their entire shipment.
• Quick Quotation with Competitive Pricing: MSC Thailand can quickly assess and provide a quote based on a straightforward pricing calculation—with no hidden costs.
• Efficient Claims Process: With a simple, fast-tracked claims resolution process and a dedicated team, protecting your cargo has never been easier. MSC aims to settle claims within 30 working days of receiving all necessary documents.
• Board Protection: EPR applies to both dry and reefer cargo (excluding fresh cargo) and provides a similar level of protection to traditional marine cargo insurance. This includes coverage for accidents, theft, and wetting damages, with additional benefits for customers, such as protection against general average contributions and war risks at sea within the Red Sea/Gulf of Aden region.

Marine Cargo Insurance: First Class Coverage

Additionally, MSC Thailand offers the MCI solution in partnership with leading global insurance companies, providing an option for customers who require direct certification from an insurer. This solution covers goods in transit according to Incoterms and the terms of the insurance policy.

MSC’s MCI solution is distinguished by its ‘All Risks’ coverage under the Institute Cargo Clauses A, designed to offer customers complete peace of mind. It ensures full coverage for the value of damaged goods from origin to destination, reimbursing all expenses based on the actual value of the loss.

Like the EPR solution, MSC also offers a streamlined, one-stop-shop service to simplify the operational process.

Key advantages of MCI include:

• Comprehensive Risk Coverage: MCI protects the cargo’s value against risks, such as fire, stranding, grounding, sinking, collision, moisture damage, heavy weather events, theft, and more.
• Clause A Coverage: The highest level of cargo insurance, covering all types of risks and compensating for the actual loss or damage to the cargo’s value.
• Competitive Pricing: Insurance premiums are offered based on the actual value that needs coverage, with simple, straightforward calculations and no hidden costs.
• 24/7 Assistance: Access global expert assistance anytime, anywhere.
• Efficient Claims Process: Quick compensation with minimal paperwork. Similar to the MSC ERP solution, MSC aims to resolve the cargo claim within 30 days.

Why Choose MSC Thailand’s Cargo Protection Solutions?

In the rapidly changing and uncertain landscape of international trade, MSC’s cargo cover solutions stand out with comprehensive coverage, competitive pricing, and a commitment to enhancing service quality. Managed by a team of experienced professionals, MSC ensures customer satisfaction by providing peace of mind and protecting the value of your business’s supply chain from various risks throughout the entire transportation process, from origin to destination.

For more information on the cargo cover solutions, please contact MSC Thailand directly at tha-info@msc.com.

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