Liberty General Uganda and Multilines International Limited have this morning officially launched the Marine and Cargo Insurance. This follows the announcement by the Government of Uganda, through the Uganda Revenue Authority (URA) in partnership with the Insurance Regulatory Authority (IRA) who on 1st July 2022, imposed a law mandating all cargo imported into Uganda by sea, air, rail or road must be insured by locally owned insurance companies. The law was intended to protect Ugandan importers and exporters whose goods were covered by offshore insurers facing long and complicated processes, especially when filling insurance claims. Here, shippers shall pay marine…
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