Inventory across the supply chain
Focused broking support for importers, exporters, wholesalers and distributors Australia-wide reviewing transit, storage and inventory exposure.
Marine stock throughput insurance is a marine cargo program designed to follow eligible inventory through transit and selected storage stages, subject to the wording. It may combine cover for raw materials, work in progress and finished goods across owned or third-party locations. It does not automatically remove gaps: storage limits, catastrophe accumulations, processing, temperature variation, delay and business interruption still require separate review.
Insurance wording reviewed by John Andrew Law, Authorised Representative No. 1262267, on . SEO, structured data and cited industry context updated .
The inventory journey
Avoiding gaps and unintended overlap
A stock throughput arrangement can simplify inventory cover across defined stages, but it should be tested against any Business Pack or ISR policy. The review should identify which policy is intended to cover stock at each location, whether one policy is excess of another, and how deductibles, catastrophe limits and business interruption interact.
Buildings, plant, equipment and lost income are not automatically covered by a marine policy. Static stock rejected by or outside the marine wording may still need Business Pack or ISR protection.
Physical loss or damage to stock is different from product-withdrawal costs or a customer's failure to pay. Check the offered recall and trade-credit wording for those risks.
Underwriting information
Carrier or warehouse liability is not a substitute for checking the business's own insurable interest, contractual risk and required limits.
Australian legal context
The Marine Insurance Act 1909 defines marine insurance and recognises certain mixed sea and land risks. The Insurance Contracts Act 1984 excludes contracts to which the Marine Insurance Act applies. The legal classification of a particular policy or dispute can be technical, so obtain legal advice where it matters.
Businesses importing or exporting goods must also consider contracts, customs, permits and logistics requirements. See business.gov.au importing guidance, exporting guidance and the Australian Border Force Incoterms guide.
Frequently asked questions
It is a marine cargo structure intended to follow eligible inventory through defined transit and selected storage stages under one program. The actual boundary depends on the wording, schedule, locations and declared values.
Cargo insurance commonly focuses on transit. Stock throughput may extend into defined storage or processing stages. The wording, not the product label, determines when cover begins and ends.
Not automatically. Buildings, equipment, business interruption and stock outside the marine policy may still require property insurance. The boundary and overlap should be reviewed explicitly.
It may be covered where the locations, activities, maximum values and accumulations are disclosed and accepted. Limits, catastrophe exposure, security, temperature controls and warehouse terms may affect available cover.
Delay, inherent vice, processing errors, temperature variation and recall may be excluded or limited. Check whether the offered wording includes the relevant protection, limits and endorsements.
Tell us where goods start, where they stop, who controls them and the maximum value at each stage. That is a better basis for reviewing marine stock throughput options.
