Marine cargo insurance is priced as a small percentage of the insured value — normally the commercial invoice plus freight plus a standard 10% uplift. Rates move with the commodity, route and packing, and Institute Cargo Clauses A, B and C cover progressively less than each other.
Shipment details
Indicative marine premium bands: as of 2026-06-01.
Frequently asked questions
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.
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.