INTRODUCTION : Cargo insurance, commonly known as marine insurance, occupies an important position in international business. It provides protection against unanticipated business to participate more freely in the business and expands the scope of their operations. Cargo insurance protects the traders and others against the risk of loss or damage to goods in transit from the seller to the buyer. A trader engaged in international business can protect his interests by taking an appropriate insurance policy from an insurance company. In this unit, you will learn the need for cargo insurance, various kinds of perils and types of losses. You will also be acquired with the documentation procedure to fill an insurance claim.