How much does marine cargo insurance cost in South Africa?

Marine cargo insurance premiums in South Africa typically range from 0.1% to 1.5% of the cargo value, depending on the commodity risk, mode of transport, route and cover type. Low-risk goods such as machinery sit near the bottom of the range, while high-value or fragile cargo such as art and electronics attract higher rates. A minimum premium of around R850 usually applies.

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

Institute Cargo Clauses A is all-risks cover and the broadest option. ICC B covers a named list of perils such as fire, sinking and collision. ICC C is minimum cover for major casualties only. Broader cover costs more, so ICC A carries the highest rate and ICC C the lowest.

Cargo Insurance Calculator — South Africa 2026

Q: Is this cargo insurance estimate a binding quote?

No. This tool gives an indicative estimate only. Marine cargo insurance in South Africa is regulated under the Financial Advisory and Intermediary Services Act (FAIS), so only a FAIS-registered intermediary may issue a binding quote and place cover for your specific shipment.

Shipment details

Cargo value (ZAR)

Commodity type

Mode of transport

Cover type

Origin country

Destination country

Disclaimer: This is an indicative estimate only, not a binding insurance quote. Marine cargo insurance in South Africa is regulated under the Financial Advisory and Intermediary Services Act (FAIS). Only FAIS-registered intermediaries may provide binding quotes and place insurance. Contact a licensed ZA cargo insurance broker for a binding quote.