Do you provide marine insurance for the shipment?
Yes, ExcaYard can arrange marine insurance for your used excavator shipment. While we do not provide insurance directly, we work with reputable freight forwarders and insurance providers to secure coverage for your machine from port to port. This guide explains how marine insurance works, what it covers, and what you need to know when importing used construction equipment from China.
Why Marine Insurance Matters for Used Excavator Shipments
Shipping a used excavator across oceans involves significant financial risk. Whether you choose RoRo, container, or flat-rack shipping, your machine is exposed to potential damage from rough seas, handling accidents, or unforeseen events. Marine insurance protects your investment by covering loss or damage during transit. Without it, you bear the full cost of any incident. ExcaYard strongly recommends marine insurance for every shipment, especially for high-value machines like Caterpillar, Komatsu, or Hitachi excavators.
How ExcaYard Handles Marine Insurance
ExcaYard is a China used excavator export specialist based in Hefei, Anhui. We source, inspect, and ship pre-owned machines worldwide. While we do not issue insurance policies ourselves, we coordinate with your chosen freight forwarder or our logistics partners to arrange marine insurance. Typically, the insurance cost is a small percentage of the machine's value and can be included in your CIF quote. We provide all necessary documentation, including commercial invoice and packing list, to facilitate the insurance application.
What Marine Insurance Covers
Standard marine insurance policies for used excavators generally cover:
- Physical loss or damage to the machine during ocean transit
- General average contributions
- Loading and unloading incidents
- Collision, sinking, fire, and natural disasters
Coverage may vary by provider and policy type. Always review the terms to understand exclusions, such as wear and tear, inherent vice, or improper packing. ExcaYard ensures your machine is properly prepared for shipping, reducing the risk of claims.
Shipping Methods and Insurance Implications
The shipping method affects insurance requirements and costs. ExcaYard offers RoRo, container, and flat-rack shipping from default ports Shanghai, Ningbo, Qingdao, and Tianjin. Each method has different risk profiles:
| Shipping Method | Insurance Considerations | Typical Use |
|---|---|---|
| RoRo | Machine drives on/off; lower handling risk; insurance covers sea transit | Wheeled or tracked excavators that can move under own power |
| Container | Machine secured inside; protection from weather; insurance covers container loss | Small to medium excavators; cost-effective for multiple units |
| Flat-rack | Machine on platform; exposed to elements; higher risk; insurance essential | Large excavators exceeding container dimensions |
Regardless of method, marine insurance is available. For CIF shipments, ExcaYard can arrange insurance on your behalf. For FOB, you may arrange your own or ask us to coordinate.
Documents and Certifications for Smooth Shipping
ExcaYard handles export certifications such as SONCAP (Nigeria), SABER (Saudi Arabia), PVoC (Kenya/Tanzania/Ghana), GSA (Ghana), and KEBS. These are separate from marine insurance but are essential for customs clearance. We also provide a 150-point pre-shipment inspection with photos and video, hours verification, and paint-thickness checks. This documentation supports insurance claims if needed. Payment is accepted via T/T USD wire, L/C through Bank of China, or Wise. Typical CIF lead time is 28-45 days port-to-port.
How to Arrange Marine Insurance with ExcaYard
To arrange marine insurance, follow these steps:
- Confirm your machine and shipping method with ExcaYard.
- Decide whether you want CIF (we arrange insurance) or FOB (you arrange).
- Provide your insurance requirements and coverage amount.
- We coordinate with freight forwarder and insurance provider.
- Receive insurance certificate and shipping documents.
For questions, contact us via WhatsApp +86 193 9277 7259 or email yuhua0095@gmail.com. We serve Africa, Southeast Asia, Middle East, Latin America, and CIS.
Frequently asked questions
Is marine insurance mandatory for used excavator shipments?
No, it is not mandatory, but it is highly recommended. Without insurance, you bear the full risk of loss or damage during transit. ExcaYard strongly advises all buyers to secure marine insurance.
Can ExcaYard provide insurance for FOB shipments?
For FOB shipments, insurance is typically arranged by the buyer. However, ExcaYard can coordinate with your forwarder or recommend an insurance provider to simplify the process.
What does marine insurance typically cost?
Indicative costs are usually a small percentage of the machine's value, often ranging from 0.3% to 1.5%, depending on coverage, route, and shipping method. Exact quotes are provided by the insurer.
Ready to ship your used excavator with peace of mind? Contact ExcaYard on WhatsApp at +86 193 9277 7259 to discuss marine insurance and get a quote. We handle inspections, certifications, and logistics so you can focus on your project.
