Apollo members are granted custom made covers subject to local market conditions. Specifically, we benefit from competitive rates and our website also includes an easy and standardized insurance certificate. In the case of heavy lifts and OOG shipments to which standard tariffs do not apply, we help our Apollo partners with tailor made cargo insurance premiums.
The Apollo membership also includes a custom made E&O insurance, which covers our members in case of inadvertent human failure, mistakes and negligent behavior. It comprises a legal liability cover, which assists our Apollo partners from day one a claim has been launched.
NVOCC carrier liabilities
Unlike most logistic forwarding networks, the Apollo Exclusive Cargo Alliance is not afraid to take up its responsibility in case of liabilities. Hence, our own NVOCC called the Atlas Line has been operational since more than 5 years. It allows our members to comply with international agencies like the FMC and MoT.
Thanks to our extended custom made credit risk insurance, members of the Apollo network are insured for up to US$ 50.000 between members member .
Our customs bond ensures local authorities that duties and taxes will be paid, even in the exceptional case of protracted default, bankruptcy, insolvency or suspected insolvency. More specifically, our customs bond with the Chinese Ministry of Transport (MOT) and American Federal Maritime Commission (FMC) amount to US$ 50.000 and US$ 150.000 respectively.