Cargo insurance calculator
Enter the shipment and get an indicative marine cargo premium in seconds. It works the way an underwriter does: insured value on the CIF plus 10% convention, then a rate band set by commodity, routing and deductible, with the certificate minimum applied when the calculated premium falls below it. Nothing is stored and nothing is submitted.
Insured value
$280,500
CIF + 10%
Indicative rate
0.042% – 0.087%
of insured value
Indicative premium
$250 – $250
Certificate minimum of $250 applies
Indicative only, for budgeting. Not a quote and not an offer of cover. No cover, pool or Guard protection is active until your first payment has cleared. A submitted enquiry, a signed proposal or an approved application does not bind cover.
How the calculation works
Premium = insured value x rate, floored at the certificate minimum
The 10% uplift represents the buyer’s anticipated profit and is the market convention required under CIF and CIP sales. The rate is expressed per 100 of insured value; ordinary containerised general cargo on a clean record commonly sits between 0.03% and 0.15%, while target commodities and exposed routings run several times higher. Below roughly $250 of calculated premium the minimum is what you actually pay.
For the full breakdown of what moves the rate, worked examples and how the insured value is built, see how much cargo insurance costs.
What this premium does not buy
Cargo cover responds to physical loss and damage. It pays nothing toward demurrage, detention, per diem or reefer plug charges when the box is stuck — and on a congested lane those charges routinely exceed the value of a cargo claim. Sellexio Guard is built for that gap, and a freight audit recovers the portion of those charges that was billed wrongly in the first place.
Calculator FAQ
How is cargo insurance calculated?
Premium = insured value x rate. The insured value is commercial invoice value plus freight plus insurance, plus 10% for the buyer’s anticipated profit, which is the CIF + 10% convention required under CIF and CIP sales. The rate is quoted per 100 of insured value and set by commodity, routing, packing, loss record and deductible. Every certificate also carries a minimum premium, so small shipments pay the minimum rather than the rate.
Is this calculator a quote?
No. It applies published market rate bands deterministically so you can budget. Only an insurer can quote, and only after underwriting your commodity, lanes and loss record.
What figures do I need to use it?
The commercial invoice value of the shipment, the freight and insurance cost, the commodity type, the routing complexity and the deductible you would carry. Nothing is stored and nothing is submitted.
Why does the estimate show a range rather than one number?
Two shippers with identical cargo on the same lane get different rates depending on packing standards, claims history and how the account is placed. The range reflects that spread; the top of the band is where a fresh account with a recent large claim usually lands.
Does the premium cover demurrage or detention?
No. Cargo policies respond to physical loss or damage. Delay charges — demurrage, detention, per diem, reefer plug — are excluded from every grade of cover, which is the gap Sellexio Guard is built for.
Turn the estimate into a real quote
Send your commodity, lanes and annual shipped value and we will introduce you to the maritime insurance partner we have approved. They quote and underwrite; Sellexio does not issue or bind cover.
Request a placement introductionNo cover, pool or Guard protection is active until your first payment has cleared. A submitted enquiry, a signed proposal or an approved application does not bind cover.