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Cargo and Goods in Transit Insurances (M90)

The objective of this unit is to demonstrate knowledge and understanding of cargo and goods in transit risks and their insurance.

The default Enrolment option for this unit includes:

  • Latest version of the core learning content, in digital format only.
  • Assessment entry.

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Cargo and Goods in Transit Insurances (M90) deals with the insurance of goods in transit from consignor to consignee anywhere in the world.

Cargo insurance is the insurance of the goods against loss or damage and is related directly to the value of those goods. The study text includes the main internationally recognised London marine clauses that provide cover, as well as those clauses designed for specific types of goods.

Goods in transit insurance covers the legal liabilities of the bailees of those goods while they are in their possession for the purposes of delivering them from consignor to consignee — from the seller to the buyer.

This text covers legal liabilities and the insurance available to the owner of the goods in transit from the premises of the seller up to delivery at the premises of the buyer. International conventions including the Hague-Visby Rules, the Hamburg Rules, the CMR Convention and the CIM Convention are considered.

It looks at goods typically traded, the risks they are exposed to and finally claims considerations and practices associated with both cargo and goods in transit insurances.

Building a successful career in insurance

This course is ideal for anyone looking to gain knowledge and understanding of cargo and goods in transit insurances to build a successful career in the insurance profession or in a support function. Cargo and Goods in Transit Insurances (M90) counts towards a Diploma in Insurance. It may also count towards the Advanced Diploma in Insurance.

Please note it is assumed that you already have knowledge of the fundamental principles of insurance as covered in Insurance, Legal and Regulatory (IF1) or equivalent examinations.

Summary of learning outcomes 

  1. Understand the business environment of shipping and world trade.
  2. Understand the legal and regulatory environment of cargo and goods in transit risks.
  3. Understand the scope of cover for cargo.
  4. Understand the scope of cover for haulage contractor’s liability.
  5. Understand the underwriting of cargo and goods in transit insurance.
  6. Understand claims considerations and procedures for cargo and goods in transit.


  • Coursework assignment with 10 compulsory short answer questions; and a 60 minute exam comprising 50 multiple-choice questions (MCQs)
  • 60% coursework nominal pass mark
  • 65% exam nominal pass mark
  • The average pass rate for those completing Diploma in Insurance mixed assessment units in full is currently 91.2%

Study material - editions available

2021-22 edition (applicable to exams sat 01 May 2021 to 30 Apr 2022).