What is Project Cargo Insurance — Specialized Cover for Heavy & Over-Dimensional Shipments.

Project cargo insurance covers the transport of heavy-lift, over-dimensional, and high-value equipment — such as machinery, plant equipment, turbines, transformers, wind blades, and industrial modules — that move via specialized multimodal logistics (breakbulk, RORO, heavy-lift vessels, flat-rack and open-top containers) rather than standard container shipping. Because a single unit can be worth crores of rupees and often involves multiple transport legs, cranes, jetty handling, and rigging operations, project cargo carries a distinctly higher risk profile than routine cargo — with exposure at every lift, load, and transfer point along the route.

A generic marine policy, built around standard container shipments, rarely accounts for this complexity — which is why project cargo needs a purpose-built approach rather than an off-the-shelf template. Cargo Cover India specializes in structuring project cargo cover on an all-risks (ICC A) basis, tailored to the specific multimodal transit plan, port handling arrangements, and heavy-lift operations involved in each shipment. Sum insured is calculated against replacement or reinstatement value — not standard CIF — so high-value, one-off consignments aren't left underinsured.

Our advisory works closely with exporters, EPC contractors, and project logistics teams to map out route-specific risks — from factory gate through port handling to final site delivery — and to build in cover for storage-in-transit, transshipment delays, and installation risk where relevant. We also coordinate closely with surveyors experienced in heavy-lift cargo, ensuring that if a claim does arise, assessment is handled by someone who understands the equipment and the shipment, not just standard container loss patterns.