Marine Cargo Insurance Calculator

Premium from cargo value, freight, and coverage type.

Legal Disclaimer

This calculator provides general estimates only and does not constitute legal advice. Laws, regulations, and court procedures vary significantly by jurisdiction. Consult a licensed attorney in your area for advice specific to your situation.

Inputs

Cargo Value ($)

Freight Cost ($)

Coverage (1-3)

Value Markup (%)

War Risk Premium (%)

Tab to move between fields

Results

Total Premium ($)

$288.75

≈ 5 tanks of gas

Base Premium ($)$288.75

War Risk Premium ($)$0.00

Insured Value ($)$115,500.00

CIF Value ($)$105,000.00

Effective Rate (%)0.29

Estimated Deductible ($)$2,310.00

How to Use This Calculator

Enter Cargo Value and Freight Cost — most policies cover CIF + 10% markup.
Select Coverage Type: ICC-A (all risk), ICC-B (named perils), or ICC-C (limited named perils).
Set Value Markup % — standard 10% above CIF protects against profit loss.
Enter War Risk Premium % if shipping through conflict zones.
Review Total Premium and coverage structure.
ICC-A (all risk) is recommended for most commercial shipments — the additional premium is modest relative to coverage.

How the result changes with Cargo Value ($)

Cargo Value ($)	Total Premium ($)
100,000,000	$275,013.75
350,000,000	$962,513.75
650,000,000	$1,787,513.75
900,000,000	$2,475,013.75

What each input means

Cargo Value ($): Total value of goods being shipped.
Freight Cost ($): Shipping/freight charges.
Coverage (1-3): 1=ICC-A (all risk, 0.25%), 2=ICC-B (0.15%), 3=ICC-C (0.10%).
Value Markup (%): Standard 10% markup over CIF for profit protection.
War Risk Premium (%): Additional premium for war risk zones.

What each result means

Total Premium ($): Insurance premium including war risk.
Base Premium ($): Standard cargo insurance premium.
War Risk Premium ($): Additional war risk cost.
Insured Value ($): CIF + markup = total insured amount.
CIF Value ($): Cost + Insurance + Freight.
Effective Rate (%): Premium as percentage of cargo value.
Estimated Deductible ($): Typical 2% deductible on insured value.

How this is calculated

Worked example, using the default values

Identify Input Parameters
4 parameters
Cargo Value ($) = 100000, Freight Cost ($) = 5000, Coverage (1-3) = 1, Value Markup (%) = 10 = 5 input(s) provided
Calculate Total Premium
Total Premium = max(100, totalPremium)
288.75 = $288.75
Calculate Base Premium
Base Premium = insuredValue * (baseRate / 100)
288.75 = $288.75
Calculate War Risk Premium
War Risk Premium = insuredValue * (warRiskPremiumPct / 100)
0 = $0