Cargo Insurance Coverage Audit for Malaysian and Singaporean Exporters

If you cannot quote your ICC level, your CL385 attachment, and the Incoterm transit risk transfer for your three largest lanes, your cargo is insured by hope. Run this twelve-question audit and find out where the gaps are.

Most cargo owners, traders, and exporters operating out of Port Klang, Tanjung Pelepas, Singapore, and Penang cannot say with confidence whether their marine cargo cover responds to the way they ship today. This audit gives you a structured score out of 36 across five exposure areas, with a personalised gap report mapping every finding to a specific coverage decision.

What you get inside

A five-minute self-assessment with twelve questions, a score out of 36, and a personalised gap report mapped to coverage decisions.

• Twelve diagnostic questions across cargo profile, current insurance arrangement, sales terms exposure, war and strikes cover, and claims history.
• A score out of 36 with four interpretation bands, from broadly aligned to materially insufficient, each tied to a recommended timeline for review.
• A thirteen-row gap report mapping each ticked weakness to a specific coverage decision, including Institute Cargo Clauses level, CL385 war risk, CL386 strikes, and Incoterms 2020 alignment.
• Reference notes on FOB, CFR, CIF, and CIP transit risk transfer, including the post-2020 CIP requirement for Institute Cargo Clauses (A) minimum cover.
• Diagnostic flags for Joint War Committee listed area exposure on Strait of Hormuz, Red Sea, Bab-el-Mandeb, and Black Sea routes.

How the score interprets

Each band maps to a recommended action timeline and a typical next step.

Who this is for

Built for cargo owners, traders, exporters, and importers in Malaysia and Singapore who arrange their own marine insurance, or who suspect their freight forwarder's marine open cover is not giving them the coverage they assume. The audit assumes commercial maturity and a working familiarity with Incoterms.

What this audit references

All coverage references are subject to policy terms and conditions. The audit draws on Institute Cargo Clauses (A), (B), and (C) 2009; Institute War Clauses (Cargo) CL385 dated 01.01.2009; Institute Strikes Clauses (Cargo) CL386 dated 01.01.2009; Incoterms 2020 published by the International Chamber of Commerce; and current Joint War Committee listed area designations.

Frequently asked questions

What is the difference between ICC (A), ICC (B), and ICC (C) cover?

ICC (A) is all-risks cover with named exclusions. ICC (B) is named perils plus general average and salvage. ICC (C) is the narrowest, covering a small set of named perils only. All three are the 2009 editions and apply alongside the Institute War Clauses and Strikes Clauses where attached.

What is the minimum ICC level required under Incoterms 2020?

CIF allows ICC (C) as the minimum. CIP changed in the 2020 revision and now requires ICC (A) as the minimum cover. Confirm the trade contract Incoterm and the policy ICC level match before shipping.

What is the difference between Institute War Clauses and Institute Strikes Clauses?

The Institute War Clauses (Cargo) (CL385 dated 01.01.2009) cover cargo war perils. The Institute Strikes Clauses (Cargo) (CL386 dated 01.01.2009) cover Strikes, riots, and civil commotion. They are separate exposures and should both attach where lanes warrant them.

How long does a typical Voyage cargo placement take?

Voyage turns quote requests within 24 to 48 hours where the underlying cover is in place, subject to underwriter capacity and the trade lane mix.

Download the audit, complete it in one sitting, and bring the gap report to your next renewal conversation.