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Marine Insurance in Singapore:

Protection Across Every Voyage And Transit

From cargo in transit to vessels, marine operations and third-party liabilities, the right insurance helps protect your business against unexpected loss, damage and legal exposure.

Marine Insurance

Marine insurance helps businesses manage risks connected with the transportation of goods, vessel ownership, marine operations and logistics services.

Depending on the policy selected, coverage may be arranged for:

  • Goods transported locally or internationally
  • Physical loss or damage to vessels and machinery
  • Marine and third-party liabilities
  • Vessels under construction
  • Private pleasure crafts
  • Freight forwarders and transport operators
  • Coverage, limits and exclusions vary depending on the insurer, policy wording and nature of the risk
Port workers checking containers being lifted
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Why Marine Insurance Matters for Businesses

Cargo Can Be Exposed At Every Stage
Goods may be damaged, lost or stolen while being transported, transferred, loaded, unloaded or temporarily stored.
Vessel Damage Can Be Costly
Accidents, collisions, fire and machinery-related damage may result in significant repair or replacement costs.
Marine Operations Carry Liability Risks
Shipowners, operators, carriers and logistics providers may face claims involving cargo, third-party property, injury or contractual responsibilities.
One Incident Can Disrupt The Supply Chain
A loss involving cargo or a vessel may affect delivery schedules, business operations and customer commitments.

Marine Insurance Solutions

Cargo & Transit

Container ship under way at sea
Marine Cargo
Designed for goods transported through international or multimodal journeys, which may involve sea, air, road or rail.
Inland Transit
Designed for goods transported over land, including local deliveries and movement between warehouses, suppliers or customers.

Vessels & Marine Assets

Marine Hull And Machinery
Helps protect the insured vessel, hull, machinery and equipment against covered physical loss or damage.
Builder’s Risk
Designed for vessels while they are being built, including selected risks arising during construction, launching and sea trials.
Pleasure Craft Insurance
Provides protection for privately used boats or yachts, with coverage options that may include physical damage and third-party liability.
Vessel under repair in a shipyard dry dock

Marine Liability

Container being loaded onto a truck at a port
Protection And Indemnity
Designed for certain legal liabilities faced by shipowners, operators or charterers in connection with marine operations.
Freight Forwarders / Carriers’ Liability
Helps protect logistics providers against certain legal liabilities involving customers’ cargo while it is under their care, custody or control.

Who May Need Marine Insurance?

Importers And Exporters
Manufacturers And Distributors
Freight Forwarders
Transport And Logistics Companies
Shipowners And Vessel Operators
Shipyards And Marine Contractors
Commodity Traders
Private Yacht Or Boat Owners

How AIB Helps

01
Understand Your Operations
We review what you transport, where it travels and how your marine operations are structured.
02
Identify Key Exposures
Cargo, vessel, contractual and third-party liability risks are considered before coverage is recommended.
03
Compare Suitable Options
As an insurance broker, AIB can approach suitable insurers and help you compare available terms.
04
Support Beyond Placement
Our team assists with policy servicing, renewals and claims-related coordination when required.
Frequently asked questions

Quick answers

Depending on the policy selected, coverage may be arranged for:
  • Goods transported locally or internationally
  • Physical loss or damage to vessels and machinery
  • Marine and third-party liabilities
  • Vessels under construction and private pleasure crafts
  • Freight forwarders and transport operators

Coverage, limits and exclusions vary depending on the insurer, policy wording and nature of the risk.

Marine operations carry exposure at more than one point:
  • Cargo may be damaged, lost or stolen at any stage of a journey
  • Accidents, fire and machinery damage can make vessel losses costly
  • Shipowners, carriers and logistics providers may face third-party claims
And one incident rarely stops at the loss itself — it can affect delivery schedules, operations and customer commitments.

Marine solutions generally fall into three groups:
  • Cargo & Transit — Marine Cargo and Inland Transit
  • Vessels & Marine Assets — Marine Hull and Machinery, Builder’s Risk and Pleasure Craft Insurance
  • Marine Liability — Protection and Indemnity, and Freight Forwarders / Carriers’ Liability
The right combination depends on what you move, own or handle.

It is commonly arranged by businesses that move, own or handle goods and vessels — importers and exporters, manufacturers and distributors, freight forwarders, transport and logistics companies, shipowners and vessel operators, shipyards and marine contractors, and commodity traders.
Private yacht and boat owners may also arrange pleasure craft cover.

We start by understanding what you transport, where it travels and how your marine operations are structured, then consider your cargo, vessel, contractual and third-party liability exposures before coverage is recommended.
As an insurance broker, AIB can approach suitable insurers and help you compare available terms — and our team stays involved for policy servicing, renewals and claims-related coordination.

Tell us what you move, own or handle. We will review your marine exposures, approach suitable insurers and help you compare the terms available — so the cover you arrange matches what you are actually responsible for.