Secure your shipments from China to Kenya with comprehensive cargo insurance. Avoid costly losses, ensure smooth customs clearance, and ship with confidence. Learn how to get the best coverage now.
How much is cargo insurance for shipping from China to Kenya
According to SendWell Cargo Ltd cargo insurance for a shipment from China to Kenya typically costs between 1% and 3% of the goods and cargo’s value. The exact cost depends on the shipping process, the value of the goods, and the type of insurance coverage. You can contact us for more clarification on this.
Some companies, such as Aquantuo, may also have specific policies that require insurance for items with a value exceeding a certain amount, for example, $200.
How much is the cost of cargo insurance when importing from China to Kenya
The cost of cargo insurance for an import from China to Kenya typically ranges between 1% and 3% of the total value of the goods and cargo.
Factors that affect the cost
The cost of cargo insurance depends on the value of the commodities shipped, the cost of transportation, and the insurer you choose.
Formula
According to SendWell Cargo Ltd, the usual formula for calculating insurance costs is cargo value + freight value x 1-3%.
Other Considerations
Most insurance companies like SendWell Cargo Ltd will add a 10% surcharge on top of the CIF value to cover any additional costs.
However, the additional value requested should generally not exceed 30% of the CIF value without the prior approval of the insurer.
Types of Coverage
You can also consider various types of coverage, including special average, general average, warehousing, and third-party liability, depending on your specific needs and requirements.
Importance of Insurance
Cargo insurance is optional but highly recommended to protect your cargo from potential risks, such as damage during transportation.
Example
If the goods are valued at $10,000 and the freight cost is $2,000, the cost of insurance at a 2% rate would be $24.
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How much is freight insurance for goods shipped from China to Kenya
Cargo insurance for goods shipped from China to Kenya via SendWell Cargo Ltd typically costs between 1% and 3% of the total value of the goods shipped. This percentage can vary depending on many factors, including the type of goods, the shipping method, and the insurance company involved.
Example
If the shipment is valued at $10,000 and the insurance rate is 1.5%, the cost of insurance would be $150.
For an accurate quote, we recommend the following.
Determine the total value of the shipment.
That includes the cost of the goods, transportation, and any other associated costs.
Get quotes from multiple insurers.
Compare rates and coverage options from many carriers to find the best fit for your needs.
Consider Incoterms
If you use specific Incoterms for your shipment, ensure that your insurance coverage meets the terms you have agreed upon.
How much is marine cargo insurance for China to Kenya shipments
SendWell Cargo Ltd ocean cargo insurance for shipping from China to Kenya typically costs between 0.5% and 1% of the total value of the cargo, including freight and other costs. This percentage is applied to the insured value, which often amounts to an additional 10% for extra costs.
Some insurance companies also have minimum premiums, such as $12, with rates around $0.60 per $100 of insured value.
How much is cargo insurance per container from China to Kenya
Container cargo insurance for a container from China to Kenya via SendWell Cargo Ltd typically costs between $1,500 and $3,000. The exact cost is determined by factors such as the value of the goods and freight charges.
Here’s a more detailed breakdown
Calculating the cost of insurance
SendWell Cargo Ltd says that insurance costs are typically calculated as a percentage of 1-3% of the total value of the goods, plus freight charges.
Factors that affect the cost
The specific cost can vary depending on the type of goods being shipped, the route, and the type of insurance.
In addition to basic coverage
While basic insurance covers loss or damage, other types of coverage, such as third-party liability or special average, may be required depending on the shipment.
How much is cargo insurance for sea freight from China to Kenya
Shipping insurance for cargo from China to Kenya via SendWell Cargo Ltd typically costs between $1,500 and $ 10,000. This cost is usually calculated as a percentage of 1-3% of the total value of the cargo shipped, plus freight charges. The exact cost varies depending on the value of the cargo, the insurer, and the level of coverage you choose.
Factors that affect insurance costs
Value of cargo
The higher the value of the consignment, the higher the insurance cost.
Type of Coverage
Different insurance policies offer many levels of coverage. Basic policies typically only cover total loss, whereas more comprehensive policies may also cover damage, theft, and other risks.
Shipping Terms
If you ship CIF, the cost of insurance is typically included in the total shipment price.
Route and carrier
Some routes or carriers may charge higher insurance premiums due to increased risk factors. But when shipping with SendWell Cargo Ltd may charge lower.
How to calculate insurance costs
Determine the total value of your possessions. This figure includes the cost of the goods themselves, as well as additional costs such as shipping and packaging.
Add 10% to the total value.
This is a common practice to cover any additional costs or fluctuations that may arise.
Multiply the total by the insurance premium.
The premium varies turn on the insurer you select and the type of coverage but is often between 1% and 3%.
Example
If the value of the goods, plus freight, is $10,000 and a 1% insurance premium applies
$10,000 value of goods + $1,000 (10% deduction) = $11,000
$11,000 * 0.01 (1% insurance premium) = $110
In this example, the cost of insurance would be $110. However, this is a simplified example, and it is essential to get a personalized quote from an insurer.
How much is air cargo insurance from China to Kenya
SendWell Cargo Ltd air cargo insurance from China to Kenya typically costs around 3% of the declared value of the goods being shipped. However, this amount can vary depending on the insurer, the type of goods being shipped, and the terms agreed upon. But you can clarification.
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How much is cargo insurance for high-value goods from China to Kenya
Insurance for valuable goods from China to Kenya via SendWell Cargo Ltd typically costs between 1% and 3% of the total value of the goods and cargo. This percentage can vary depending on the goods being shipped and the coverage desired.
How much is insurance for cargo loss during China to Kenya shipping
The cost of cargo loss insurance for a shipment from China to Kenya via SendWell Cargo Ltd varies but is generally calculated as a percentage of the shipment’s value, usually ranging from 0.3% to 1%. For example, a shipment worth $10,000 may incur insurance costs ranging from $30 to $100.
These costs are in addition to shipping charges, which can range from $2,200 to $4,550 for a 40-foot container.
How much is cargo insurance for electronics shipped from China to Kenya
The cost of cargo insurance for electronics shipped from China to Kenya via SendWell Cargo Ltd is typically a percentage of the declared value of the goods, usually around 3%. However, the exact cost depends on several factors, including the value of the electronics, the shipping method (sea or air), the insurer, and any additional coverage.
How much is insurance on cargo damage from China to Kenya
The cost of cargo insurance for shipments from China to Kenya usually ranges from 1% to 3% of the total value of the goods and cargo. This percentage can vary turn on the type of goods, shipping method, and insurer, JingSourcing explains.
Calculating insured value
Insured value is generally the cost of the goods plus freight, with an additional percentage, often 10%, sometimes added for any extra fees.
Factors that affect the cost
The specific insurance premium depends on the value and nature of the goods, the shipping method, and the insurer chosen.
Example
If the goods are worth $10,000 and the shipping cost is $2,000, the insured value could be $ 12,000 (with a 20% margin). With a 2% insurance premium, the cost of insurance would be $264.
Importance of Insurance
Cargo insurance protects against loss during transit, which means that businesses aren’t solely responsible for unexpected losses.
Finding the right insurance
It’s recommended to work with your freight forwarder or an insurance broker to determine the right coverage and get quotes from multiple companies.
How much is insurance for hazardous cargo from China to Kenya
The cost of insuring dangerous goods from China to Kenya varies significantly depending on several factors. Still, it is generally higher than that of conventional cargo due to the increased risk associated with these goods. According to SendWell Cargo Ltd and DHL a premium may apply, amounting to 3% or more of the declared value for outbound shipments.
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How much is insurance for perishable cargo shipped from China to Kenya
The cost of insuring perishable goods from China to Kenya via SendWell Cargo Ltd typically ranges from 0.3% to 0.5% of the goods’ value, according to Tonlexing Logistics. This insurance covers any loss that may occur during transit. The exact cost depends on the value of the goods and the insurance policy you choose.
How much is insurance for small parcels shipped from China to Kenya
The cost of insurance for small packages shipped from China to Kenya via SendWell Cargo Ltd typically ranges between 0.3% and 0.5% of the goods’ value. This insurance covers any loss that may occur during transportation. For example, if the goods are worth $100, the cost of insurance could be between $0.30 and $0.50.
Factors that affect the cost of insurance
Value of goods
The higher the value, the higher the insurance cost.
Type of goods
Some items may have higher insurance premiums due to the greater risk of damage or loss.
Shipping method
The cost of insurance may vary depending on the shipping method.
Insurer
The cost may vary depending on the insurance company.
Additional coverage
Some policies offer more extensive coverage, for example, for theft and natural disasters, which can increase the cost, according to InsureShield.
For example
If you ship a small package from China to Kenya with a declared value of $100 via courier, the insurance cost is likely to be between $0.30 and $0.50.
How much is insurance for bulk cargo from China to Kenya
Bulk insurance costs from China to Kenya via SendWell Cargo Ltd typically range from 0.5% to 2% of the declared value of the goods. That varies depending on the type of goods, the chosen shipping process, and the insurer.
How much is insurance for shipping furniture from China to Kenya
Insurance for shipping furniture from China to Kenya via SendWell Cargo Ltd typically prices between 1% and 3% of the total value of the commodities, including shipping costs. This insurance is optional but highly recommended to protect your shipment from potential loss during transit.
The exact cost depends on factors such as the value of the furniture, the shipping method, and the type of insurance.
How much is insurance for shipping textiles from China to Kenya
Insurance for shipping textiles from China to Kenya can vary significantly, but according to SendWell Cargo Ltd, the cost is typically between 1% and 3% of the declared value of the goods. For example, if your textiles are worth $10,000, the insurance cost could range from $100 to $300.
Factors such as the shipping method, the insurer, and the declared value of the fabrics will affect the final cost.
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What is the cost of insuring machinery from China to Kenya
The cost of insuring machinery for shipping from China to Kenya via SendWell Cargo Ltd can vary significantly. Still, the typical insurance cost is estimated to be between 0.3% and 1% of the insured value of the goods. This percentage typically represents the CIF value plus an additional rate, often 10%, for any incidental costs.
For example, if the CIF value of the machinery plus 10% is $100,000, the insurance premium can range from $300 to $1,000.
How much is insurance for China to Kenya cargo in transit
Insurance for goods shipped from China to Kenya via SendWell Cargo Ltd varies depending on many factors, including the shipment method, the value of the goods, and the insurance provider. Insurance is usually calculated as a percentage of the insured value of the goods.
General cost guidelines
Ocean freight
Ocean freight insurance from China to Kenya via SendWell Cargo Ltd can range from 0.1% to 0.5 percentage of the insured value, depending on the shipping company.
Air freight
Air freight insurance is usually more expensive, starting at around 0.3% of the insured value.
Example
If your cargo is worth $10,000 and you choose a 0.3% insurance rate, your insurance cost will be $30.
How to determine your insured value
Invoice cost + freight cost + 10% . It is common to insure your cargo for the invoice cost, plus the freight cost, and an additional 10% for any incidentals.
Example
If your goods cost $10,000 and your freight costs $2,000, you insure them for $13,200 ($10,000 + $2,000] * 1.10).
To get an accurate quote, here’s what you can do.
Get quotes from multiple insurance companies.
That will guide you in comparing rates and coverage options.
Provide detailed information
Include the value of your goods, shipping method, and destination in Kenya.
Consider your specific needs.
Determine the coverage that’s right for your business.
How much is insurance for delays during China to Kenya shipping
Delay insurance for shipping from China to Kenya via SendWell Cargo Ltd is typically calculated as a percentage of the declared value of your goods, usually ranging from 0.5% to 2%. This percentage depends on the insurance company and the type of goods being shipped.
It is also important to note that, according to shipping experts, this insurance may cover loss or damage in transit rather than delays themselves. For delays in particular, you may need to consult specific delay clauses or separate insurance products offered by certain insurance companies.
How much is insurance for theft during shipment from China to Kenya
The cost of theft insurance in transit from China to Kenya via SendWell Cargo Ltd varies but is typically a percentage of the shipment’s value, often ranging from 1 to 3%. Several factors influence the final cost, including the value of the goods, the mode of transportation, and the insurance provider.
How much is insurance for customs clearance damage in Kenya
The cost of customs insurance in Kenya varies depending on several factors, including the value of the goods, the type of goods, the mode of transport, and the insurance policy. It is not a fixed price but rather a percentage of the total value of the insured goods. To obtain an accurate quote, please get in touch with the insurer directly and provide the details of your shipment.
They will then assess the risk and send you a customized quote.
How much is cargo insurance coverage for China to Kenya imports
According to SendWell Cargo Ltd, import cargo insurance from China to Kenya typically costs between 1% and 3% of the total value of the goods, including transportation costs. The exact cost depends on factors such as the type of goods, the insurer chosen, and the specific coverage terms.
How much is cargo insurance premium for China to Kenya shipping
The cargo insurance premium from China to Kenya via SendWell Cargo Ltd ranges from $150 to $300 for a 40-foot vessel but can vary depending on the value of the goods and the specific insurance policy. The premium is calculated as a percentage of the insured, which includes the cost of the goods, freight, and possibly an additional rate for incidental expenses.
How much is insurance for partial cargo loss from China to Kenya
The cost of partial loss insurance for cargo from China to Kenya via SendWell Cargo Ltd is typically calculated as a percentage of the insured value, which includes the price of the cargo, freight, and any additional expenses. This percentage, known as a premium, varies depending on factors, including the type of cargo, the insurance coverage chosen for example, Cargo Institute Clauses A, B, or C, and the insurer.
Most insurers allow an additional percentage, for example, 10% of the total insured value, to cover any extra costs.
Calculation methods
Percentage of insured value
A common approach is to apply a percentage, such as 1 to 3%, to the total insured value, which includes the value of the cargo and transportation costs.
CIF + 10%
Another method is to use the CIF value and add 10% to cover potential additional costs, according to Cargo From China.
Billing Costs + Freight + Contingencies
The insured value should cover the costs of delivery to the final destination, including invoicing, freight, customs clearance, and inland freight costs, as well as any applicable profit margin.
Key Considerations
Adequacy of the sum insured
Make sure that the insured value is sufficient to cover the full cost of the goods and any associated costs in the event of loss.
Basic Value
The BV, e.g., FOB and CIF, is essential in determining the basis for claims management.
General Average
It is essential to understand the concept of the general average, which means that there is a shared contribution for losses incurred to protect the entire shipment.
Freight Forwarder’s Liability
Freight forwarders generally have limited liability, so freight insurance offers broader protection.
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How much is cargo insurance deductible for shipments from China to Kenya
The deductible for cargo insurance for shipments from China to Kenya via SendWell Cargo Ltd is not fixed and varies by insurer and insurance policy. Deductibles are usually a percentage of the insured value or a fixed amount agreed upon between the shipper and the insurance company. Some policies even offer zero deductible options.
Factors that affect deductibles
Insured value
Higher insured values often result in a higher deductible.
Type of goods
High-value or high-risk goods may have a higher deductible.
Insurer
Different insurers offer different deductibles.
Policy type
Some policies, such as comprehensive insurance, may have a lower deductible or no deductible at all.
Negotiation
Deductibles can be negotiated between the shipper and the insurer.
Examples
Some insurance companies offer zero-deductible policies.
General cargo insurance
The deductible can range from 0.3% to 0.5% of the insured value.
Valuable or high-risk cargo
The deductible can range from 0.5% to 1% or even more.
Tips
Get multiple quotes
Compare deductible options from different insurance companies.
Understand the terms of the policy.
Read the terms of the policy you choose carefully, including the deductible details.
Consider your risk
If you are shipping valuable or high-risk cargo, you may need to accept a higher deductible or consider specific insurance options.
Negotiate with your insurance company.
Try to negotiate a reasonable deductible for your shipment and budget.
How much is the average cost of cargo insurance China to Kenya
The cost of freight insurance for shipping from China to Kenya using SendWell Cargo Ltd ranges typically from 1% to 3% of the total value of the goods and cargo. That means you need to calculate the value of the goods and the cost of shipping, then multiply the result by a percentage within that range.
Here’s a more detailed breakdown
Calculate total value
Add the value of the goods to the cost of freight.
Apply percentage
Multiply the total value by a factor between 1% and 3% or as recommended by your insurer.
Example
If the goods are worth $10,000 and the freight is $2,000, the total value is $12,000. With a 2% insurance rate, the cost of insurance is $12,000 x 0.02 = $240.
How much is insurance for door-to-door cargo shipments from China to Kenya
Insurance for door-to-door freight from China to Kenya via SendWell Cargo Ltd typically prices between 1% and 3% of the total value of the goods, including freight. For example, if your goods are worth $10,000 and freight is $2,000, the total insured value is $12,000, and the cost of insurance is between $120 and $360.
Factors that affect the cost of insurance
Value of goods
The higher the value of the commodities, the higher the insurance cost.
Type of goods
Some goods, such as electronics or fragile items, may be subject to higher insurance rates.
Shipping method
SendWell Cargo Ltd ocean freight generally offers lower insurance rates than air freight.
Insurer
Different insurance companies may offer other rates and coverage options.
Incoterms
With DDP, the seller is responsible for all costs, including insurance, until the goods are delivered to the buyer’s designated location.
Additional costs to consider
Ocean Freight
Costs for transporting the container by sea.
Port Charges
Costs for handling the containers in the port.
Customs Duties
Taxes levied by the Kenyan government on imported goods.
VAT
Value Added Tax, usually 16% in Kenya.
Other Charges
Import Declaration Fees, Customs Clearance Fees, etc.
Example
For a 40-foot container, you can expect
Ocean Freight
$1,500-$5,000
Customs Duties
Variable 0-25% of CIF value
Insurance
$150-$300.
Door to Door Shipping
With Door-to-door shipping, the shipper handles the entire process from pickup in China to delivery in Kenya, including customs clearance and final delivery. DDP is a form of shipping where the seller assumes all risks and costs until the commodities reach the destination.
For an accurate quote, contact a shipping company such as SendWell Cargo Ltd, DHL, UPS, or TNT and provide them with detailed information about your shipment.
How much is insurance for multimodal shipments from China to Kenya
Multimodal shipping insurance from China to Kenya via SendWell Cargo Ltd typically costs between 1% and 3% of the total value of the goods, plus freight. The exact cost depends on factors such as the type of goods, their value, and the specific shipping route and method.
Calculating Insured Value
A standard method of calculating insured is to add the commercial invoice value of the commodities, the freight charges, and an additional percentage, often 10%, to cover any extra costs.
For example
If your goods are valued at $10,000 and the freight charges are $2,000, the insured value can be calculated as follows: $10,000 for the goods + $2,000 for the freight = $12,000. Then, $12,000 + 10% = $13,200 is the insured value. If the insurance premium is 2%, the cost of insurance is $264.
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How much is insurance for container shipping China to Kenya
Shipping a container from China to Kenya via SendWell Cargo Ltd typically costs between 0.5% and 2% of the cargo’s value. These costs vary depending on the shipping route and the insurance coverage you choose. For example, a shipment worth $10,000 could incur insurance costs of $50 to $200.
How much is insurance for consolidated cargo from China to Kenya
According to SendWell Cargo Ltd and DHL, insurance for consolidated freight shipping from China to Kenya typically costs approximately 3 percent of the item’s value. Insurance is often optional for items under $200 but may be required for more expensive items.
Some companies charge different rates for inbound and outbound shipments, and the cost of inbound insurance may be lower than that for outbound shipments.
How much is insurance for air freight shipments from China to Kenya
According to SendWell Cargo Ltd and Roanoke, insurance for air shipping from China to Kenya typically ranges from 1% to 3% of the total value of the goods, including freight and other fees. The exact cost depends on the items being shipped, their value, and the insurance provider you choose.
Calculating Insured Value
A standard method is to add the commercial invoice value of the goods, the freight charges, and a percentage, usually 10%, to cover additional costs.
Example
If the value of the goods is $10,000 and the freight charges are $1,000, the insured value can be calculated as follows: $10,000 + $1,000 + $1,100 (10% of $11,000) = $12,100.
The insurance premium will be between 1 and 3% of $12,100.
Carrier’s Liability
Airlines also offer minimum insurance on all goods, but this coverage is generally limited.
Request a Quote
For an accurate quote for your shipment, it is advisable to contact forwarding agents or insurers specializing in international air freight.
How much is insurance for sea freight shipments from China to Kenya
Sea freight insurance from China to Kenya using SendWell Cargo Ltd typically costs between 0.5% and 1% of the total value of the goods. Still, the cost can vary depending on factors such as the shipping method, the insurer, and the type of cargo. Some providers may offer a flat fee or a tiered structure based on the value of the shipment.
Percentage
Many insurance companies use a percentage of the shipment’s value, typically ranging from 0.5% to 1%, as the basis for calculating insurance premiums, according to I.C.E. Transport.
Fixed rates
Some insurance companies charge a fixed rate for specific types of shipments or a certain amount of coverage.
How much is insurance for express cargo from China to Kenya
Express shipping insurance from China to Kenya is calculated as a % of the declared value of the goods. The cost is usually between 1 percent and 3 percent of the declared value but may be higher.
Courier differences
Rates and coverage options vary by carrier and insurer. Some offer a minimum coverage for all shipments, but it’s often advisable to purchase additional coverage.
Express shipments
For express shipments, which are often time-sensitive, insurance can protect against loss in transit, giving you peace of mind and financial security.
Example
If your shipping is valued at $1,000 and the insurance rate is 2 %, the cost of insurance is $20.
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How much is insurance for slow shipping cargo from China to Kenya
Insurance costs for slow-moving shipments from China to Kenya via SendWell Cargo Ltd typically range from 1% to 3% of the total value of the commodities, including freight and a possible additional percentage for incidental costs.
How much is insurance for valuable cargo from China to Kenya
Insurance costs for valuable commodities from China to Kenya vary but are typically between 1% and 3% of the declared value of the goods.
Transportation costs
Transportation prices are also included in the insured value. Some insurers add a percentage, as well as 10%, to cover any additional fees.
Shipping method
Air cargo is generally more expensive than maritime transport, which can affect the cost of insurance.
Insurer
Rates and coverage vary by insurer, so it is essential to compare quotes to find the best option.
Example
If you ship $10,000 worth of goods with $1,000 freight and your insurance rate is 2%, your insurance cost will be calculated as follows
Total insured value
$10,000 goods + $1,000 freight = $11,000
Insurance cost
$11,000 * 0.02 = $220
What is the cost of insurance for fragile goods shipped from China to Kenya
Insurance costs for fragile goods shipped from China to Kenya typically range from 3% to 5% of the declared value of the goods, with some minimal costs. For example, SendWell Cargo Ltd charges $3 for every $100 of declared value for insurance. DHL claims its shipping insurance coverage is 5% of the value, with a minimum of $5.
How much is insurance for electronics cargo China to Kenya
Insurance costs for shipping electronics from China to Kenya vary depending on several factors, including the value of the goods and the shipping method.
Insurance fees for shipping to Kenya typically range from 3% of the parcel value for outbound shipping to 1% for inbound shipping, with companies such as SendWell Cargo Ltd.
How much is insurance for consumer goods shipped from China to Kenya
Insurance costs for goods from China to Kenya range between 1% and 3% of the total value of the commodities, including shipping costs.
How much is insurance for bulk electronics shipping China to Kenya
The insurance for big electronics from China to Kenya typically costs around 3% of the declared value of the goods for the outbound shipment and 1% for the return shipment.
However, it is essential to understand that this is an estimate, and the actual price will vary depending on several factors, including the value of the electronics, the shipping method, the shipping company, and any additional services requested by SendWell Cargo Ltd and DHL.
How much is insurance for medical supplies shipped from China to Kenya
Insurance costs for shipping medical supplies from China to Kenya vary but typically range from 1% to 3% of the goods’ value for outbound shipments. For inbound shipments, the insurance premium can be closer to 1% of the value. The exact price will rely on the insurer, the value of the goods, the required coverage, and the type of transportation.
Factors that affect insurance costs
Value of goods
Valuable medical supplies will naturally incur higher insurance premiums.
Level of coverage
Full coverage, which encompasses all possible risks such as damage, loss, theft, etc., is more expensive than basic coverage.
Shipping method
Air freight is generally more expensive than maritime transport, which can affect insurance costs.
Insurer
Prices and policies from different insurance companies vary.
Freight forwarder
The freight forwarder you choose may offer insurance options as part of their services.
General Cost Estimates
Air Freight
If you are shipping medical supplies by air, the cost is between $5.60 per kilogram.
Ocean Freight
For SendWell Cargo Ltd ocean freight, a 20-foot container can cost between $1,500 and $3,000, while a 40-foot container can price between $2,000 and $5,000, depending on the port in China. It is advisable to contact many insurers. Request quotes from many companies to compare prices and coverage options.
Request quotes from freight forwarders
Ask about their insurance options as part of their shipping services.
Provide detailed information
Clearly state the value of the goods, the type of medical supplies, and the coverage required.
Consider DDP options
To streamline customs formalities, consider DDP options, where the seller covers all tariffs
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How much is insurance for agricultural goods shipped from China to Kenya
The cost of insuring agricultural products from China to Kenya SendWell Cargo Ltd is not a fixed amount but a percentage of the insured value of the goods. The percentage can vary based on many variables, including the type of goods, the number of risks covered, and the insurer.
How much is insurance for textile cargo from China to Kenya
The cost of insuring textiles from China to Kenya varies based on several factors but is generally between 1% and 3% of the declared value of the goods. For example, SendWell Cargo Ltd and DHL insurance for outbound shipments typically starts at 3% of the package’s value, whereas for inbound shipments, it usually is around 1%.
How much is insurance for clothing shipments China to Kenya
Clothing insurance from China to Kenya via SendWell Cargo Ltd typically ranges from 1% to 3% of the total insured value, which includes the cost of goods and transportation.
How much is insurance for footwear shipments from China to Kenya
Shoe insurance from China to Kenya typically accounts for around 3% of the outbound shipment value and 1% of the return shipment value. However, rates can vary depending on the shipping company you choose. Company and the level of coverage required, according to SendWell Cargo Ltd Discover.
Example
If you’re shipping footwear worth $10,000 from China to Kenya and opt for a 3% insurance rate, you will pay $300 for insurance. But you can contact SendWell Cargo Ltd for further clarification about the shoe insurance.
How much is insurance for spare parts shipped from China to Kenya
Insurance costs for shipping spare parts from China to Kenya via SendWell Cargo Ltd typically range from 1% to 3% of the total value of the goods and freight. The percentage varies depending on the commodities, the shipping method, and the insurer.
How much is insurance for toys shipped from China to Kenya
Insurance for shipping toys from China to Kenya via SendWell Cargo Ltd typically costs between 1% and 3% of the total value of the goods, including freight. The exact percentage depends on the shipping company and the type of toy being shipped.
Cost Calculation
Insurance prices are typically calculated as a percentage of the combined value of the goods and freight.
CIF Value
That includes the cost of the goods themselves, as well as insurance and freight costs.
Insurance rate
In general, you should pay between 1% and 3% of the CIF value.
Example
If the toy costs $1,000 and the shipping cost is $200, the CIF value is $1,200. The cost of insurance can range from $12 to $36 (1% to 3% of $1,200).
How much is insurance for glass products shipped from China to Kenya
The cost of insurance for shipping glass products from China to Kenya varies, but it usually is a percentage of the declared value of the shipment. This percentage can range from a fraction of a percentage point to several tens of percentage points, depending on the desired coverage and the associated risk of the shipment.
For example, SendWell Cargo Ltd and DHL Express may charge 3% for shipments originating from Kenya and 1% for shipments entering Kenya, according to one source. Other sources suggest a minimum rate of 5% of the shipment’s value, with a minimum charge.
How much is insurance for cargo consolidation China to Kenya
The cost of insuring chemicals from China to Kenya varies depending on several factors, including the value of the substances, the shipping method, and the type of insurance. Generally, insurance costs can range from 1% to 3% of the package’s value.
For example, SendWell Cargo Ltd states that insurance for outbound shipments can start at 3% of the package’s value, while insurance for inbound shipments typically ranges from 1% to 2% of the package’s value. According to several shipping companies like SendWell Cargo Ltd, it is advisable to get a custom quote from a freight forwarder or insurer to determine the exact cost of shipping.
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How much is insurance for China to Kenya cargo delayed by weather
Insurance for consolidated shipments from China to Kenya via SendWell Cargo Ltd typically costs 0.5% to 2% of the declared value of the goods. This optional but recommended coverage protects against potential loss or damage during transit. For example, if the declared value is $10,000, the price of insurance could range from $50 to $200, according to Dantful.
How much is insurance for damage caused during cargo unloading in Kenya
The cost of insurance for goods delayed due to weather during transit from China to Kenya is typically calculated as a percentage of the goods’ value, ranging from 1% to 3%. This percentage varies depending on the type of goods and the level of coverage. The total insured value often includes an additional percentage for damage.
Factors that affect the cost of insurance
Value of commodities
The higher the value of the goods, the higher the insurance premium will be.
Type of goods
Some goods are considered riskier and may result in higher insurance rates.
Shipping Method
Ocean freight generally has different insurance rates than air freight.
Insure
Different insurance companies may offer other rates and coverage options.
How much is insurance for customs inspection damages in Kenya
Insurance costs for damage caused during unloading in Kenya vary depending on several factors, including the type and value of the cargo, the means of transportation, and the specific insurance policy. It is typically a percentage of the declared value of the cargo, usually ranging from 0.2% to 2% or even higher, depending on the company.
How to determine the cost
Assess the value of your cargo.
Determine the total value of your cargo, including the cost of the cargo, freight, and other associated costs.
Choose an insurance company.
Compare quotes from different insurance companies in Kenya.
Specify your coverage needs.
Discuss your specific needs with the insurer, including the level of coverage required and the particular risks you wish to mitigate.
Consider ancillary costs
Consider potential costs that exceed the base value of the goods, such as customs duties, clearance costs, and inland transportation expenses.
Review the policy terms.
Read the insurance contract carefully to understand the coverage details, exclusions, and claims procedures.
Example
If your cargo is valued at KES 1,000,000 and the insurance premium is 0.5%, the cost of insurance will be KES 5,000.
How much is insurance for customs inspection damages in Kenya
In Kenya, the cost of insurance for damage resulting from customs inspections is generally calculated as a percentage of the CIF value of the imported goods. It can range from 0% to 1.5% of the CIF value or up to KES 265 (approximately USD 265) for in-destination inspections. The exact cost depends on the type of goods, the insurer, and the specific contract terms.
CIF Value
The CIF value is the total price of the goods, including the cost of the goods, insurance, and freight costs.
Percentage Insurance
Many insurance policies calculate the premium as a percentage of the CIF value. This percentage can vary but is often between 0.5% and 1.5%.
Flat Fee for In-destination Inspections
InfoTradeKenya indicates that, in some cases, a flat fee of KES 265 (approximately USD 265) may apply for in-destination inspections.
How much is insurance for container sealing breakage China to Kenya
The cost of container seal insurance, also known as freight insurance, from China to Kenya via SendWell Cargo Ltd is calculated as a percentage of the insurable value, which includes the price of the commodities and freight.
How much is insurance for accidental cargo loss China to Kenya
The price of accidental injury insurance for commodities in transit from China to Kenya via SendWell Cargo Ltd varies but usually is between 1% and 3% of the total value of the goods and freight. This percentage can vary depending on factors such as the type of goods, the mode of transportation, and the insurer.
Value of goods and freight
The primary factor affecting the cost of insurance is the declared value of the freight, which encompasses both the goods themselves and their transportation costs.
Insurance rate
Insurance companies set their rates. They can be a percentage of the insured value, often ranging from 0.3% to 0.8% for bulk cargo. For example, SendWell Cargo Ltd recommends a rate of 1% to 3%.
Additional factors
Other factors to consider include the type of insurance (for example, all-risk or named risks), the shipping route, and the specific policy terms.
Customs duties and taxes
It is recommended that you include customs duties and taxes in the insured value, as they must be paid upon arrival in Kenya.
Example
If the shipment is valued at $10,000, the freight cost is $2,000, and the insurance rate is 0.5%, the insurance cost would be ($10,000 + $2,000) 0.005 = $60.
How much is insurance for shipping electronics China to Kenya
Insurance for shipping electronics from China to Kenya can vary significantly. According to SendWell Cargo Ltd and DHL, the cost typically ranges from 3% to 5% of the declared value of the goods for outbound shipments and from 1% to 2% for return shipments.
For example, for a shipment of electronics worth $1,000, the cost of insurance might be about $30 for an outbound shipment and $10 for a return shipment. Other factors, such as the shipping method (air or sea), the carrier, and the declared value of the goods, will affect the final cost.
Factors that affect insurance costs
Declared value
The higher the value of the electronics, the higher the cost of insurance since the insurance company covers a greater potential loss.
Shipping method
Air freight is generally more expensive than maritime transport, but it is also faster. This means that air freight insurance may be higher due to the increased risk of loss or damage resulting from shorter transit times.
How much is insurance for dangerous goods China to Kenya
Dangerous goods insurance from China to Kenya can vary remarkably; you can expect to pay between 1% and 3% of the declared value of the goods.
Factors that affect insurance costs
Declared value of goods
The higher the value of the consignment, the higher the insurance costs will be.
Type of dangerous goods
Some dangerous goods are considered riskier than others, which can lead to higher insurance premiums.
How much is insurance for fragile cargo China to Kenya
Fragile goods insurance prices vary from China to Kenya via SendWell Cargo Ltd but are generally estimated at around $3 for every $100 of the declared value of the commodities. For example, if the goods are worth $1,000, the cost of insurance will be around $30.
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How much is insurance for shipping delays China to Kenya
Freight delay insurance for shipments from China to Kenya via SendWell Cargo Ltd typically costs between 0.5% and 2% of the declared value of the goods shipped. Insurance protects against any injury that may occur during transportation.
How much is insurance for overland cargo shipments from China to Kenya
Land freight insurance from China to Kenya via SendWell Cargo Ltd is usually calculated as a percentage of the shipment’s value, generally ranging from 1% to 3%, plus freight charges. An additional percentage, often 10%, can be added to cover any extra costs.