Cargo insurance is one of the main branches of insurance. These are usually listed as fire, marine, life and accident. The term “marine” used to refer to the insurance of ships and their cargoes. Today the movement of cargoes is frequently effected partly by other modes of transport. Where cargo is concerned,” transportation insurance” seems a better term to use today than marine insurance. Goods do not go overseas solely by sea-air transport takes an increasing share of cargo these days.