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Dubai Trade and Abu Dhabi National Insurance Company (ADNIC) have introduced an online cargo insurance product called Tradeshield, designed to better meet the needs of the trade and logistics community by providing an easy to complete and efficient way of insuring their shipments.
ADNIC has a long standing expertise in providing cargo insurance solutions for clients across the UAE and the Middle East, and is the first insurance company to join Tradeshield platform. Quotations can be obtained within a few minutes on the website, www.tradeshield.ae, where customers can compare policies, rates and terms before choosing the desired policy. They complete the end-to-end process of purchasing insurance online including payments using Rosoom.
Users can benefit from single shipment cargo insurance as Tradeshield provides cover against loss or damage to all goods related to a single shipment. Dubai Trade will also soon offer open cover cargo insurance providing blanket cover against loss or damage to all goods moved by a specific carrier or shipper during a certain period of time.
Andrew Woodward, group chief underwriting officer at ADNIC, says, “Those operating in the cargo and logistics sectors face a number of risks that need to be managed and require insurance solutions that are easily accessible and tailored to suit their business needs. In this increasingly digital age, it is important that these solutions be available online and ADNIC’s E-Cargo Solution, available through Tradeshield, has been launched to meet that need.”
The initiative has been welcomed by shippers and logistics providers. David Phillips, president of the National Association of Freight & Logistics, commented,”We appreciate Dubai Trade’s initiative in launching the Tradeshield service, which will help many companies in our industry to be more secured and save much of their precious time.”
