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Overview

At AIG, we ensure the best possible solution for our customers’ assets and their business reputation. We introduce Project Cargo with delay in Start-Up to cover all goods and/or merchandise and/or equipment and/or interest of every type and description shipped in connection with the project. Aside from covering delays in start-up, it offers solutions for cargoes usually of a complex/specialist nature, heavy lift/high value/long lead time items. It also covers specialist transportation systems required such as heavy lift vessels, barge shipments, and hydraulic trailers, and unusual/complicated site discharge arrangements.

Product highlights

Proactive loss prevention

Marine Loss Control Engineering (MLCE) endeavors to avoid losses by analyzing potential exposures and presenting tailored recommendations to minimize them. It strives to ensure open lines of communication, to act as a “knowledge center,” and exchange essential information that will assist the client in carrying out loss prevention initiatives during the policy period.

Tailor-made transportation coverage

Our policies are customized for each project. We understand each client has unique requirements.

Global reach

With representatives in approximately 130 countries and jurisdictions, and experienced senior Marine officers at the regional and New York headquarters level, we have the ability to provide coverage in most parts of the world.

Experience

We have been insuring transport risk worldwide for over 80 years.

Expert claims service

When a claim occurs, we respond quickly, delivering high-quality service and ensuring effective claims management and recovery.

Who is it for?

Project Cargo with Delay in Start-Up caters to:

  • Project owners
  • Engineering procurement and construction contractors
  • Finance parties/lenders
  • Suppliers and manufacturers

What is covered?

Indemnifies the Project Owner for loss resulting from "delay in start-up" of commercial operation due to physical loss or damage in-transit and/or delay in delivery.

How to make a claim?

When you buy insurance from AIG, you can have confidence that we stand ready to help you recover quickly when the unexpected happens. The claims operation that underpins every AIG policy is one of our greatest strengths, with a strong local claims team backed by our global network of expertise to support you when you face a loss.

For claims associated with Project Cargo with Delay in Start-up, please reach out to your insurance broker to assist you. You may also contact us at:

Phone: +63 2 878 5460

Email:   AIGPHLWeServeCRG@aig.com

 

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