Established in 1984, Vazzano Ltd. opened its doors to serve the needs of the shipping and transportation industries, with specific emphasis on international trade and domestic distribution. An impressive staff of licensed insurance professionals with extensive experience in marine insurance, freight forwarding, customs brokerage and carrier arenas, conducting business in all of the major United States, London, and European underwriting markets.
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Marine cargo insurance is as old as marine trade and has existed in various forms dating back to 3000 BC.
Early merchants trading on China's rivers practiced a form of loss control by deliberately spreading a given cargo among several vessels, thereby reducing the potential loss.
It is in the ancient civilization of Babylon, however, that we find the earliest record of insurance in the form of "bottomry."
The Code of Hammurabi c.
2100 BC) sets bottomry (the advance of money on the security of a vessel to protect against the loss of the cargo by marine perils) at 20 percent.
Early merchants trading on China's rivers practiced a form of loss control by deliberately spreading a given cargo among several vessels, thereby reducing the potential loss.
It is in the ancient civilization of Babylon, however, that we find the earliest record of insurance in the form of "bottomry."
The Code of Hammurabi c.
2100 BC) sets bottomry (the advance of money on the security of a vessel to protect against the loss of the cargo by marine perils) at 20 percent.
File a claim in writing with all carriers involved with shipment.
If the carrier has no standard form for notification, use the format provided on this web site as a sample, "Formal Notice of Claim."
Written notice of loss must be filed within seven days.
Complete documentation must be gathered and submitted in order for the claim to be considered by underwriters.
Upon receipt of the claim documents, Vazzano Ltd. will send an acknowledgement of the claim, and a file number will be assigned for future reference.
If the carrier has no standard form for notification, use the format provided on this web site as a sample, "Formal Notice of Claim."
Written notice of loss must be filed within seven days.
Complete documentation must be gathered and submitted in order for the claim to be considered by underwriters.
Upon receipt of the claim documents, Vazzano Ltd. will send an acknowledgement of the claim, and a file number will be assigned for future reference.
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