ICTSI Ecuador launches first transport insurance programme for banana trade

The Ecuadorian subsidiary of International Container Terminal Services, Inc. (ICTSI) has launched an insurance programme for growers at the world’s largest banana-exporting port, giving them greater coverage for transport.

Compared to traditional insurance, which only covers limited phases in the transportation of the fruit, the integral transport insurance means that the product is covered until delivery at the destination of their customers.

Designed according to the needs of Ecuador’s export market – SIE, Ecuador’s first integral insurance for banana exporters was launched through efforts of CGSA-led Logistics Community of the Port of Guayaquil (Comunidad Logistica del Puerto de Guayaquil – CLPG).