ABU DHABI National Insurance Company (Adnic), a company with longstanding expertise in providing innovative insurance solutions for clients across the UAE, has entered into an agreement with Dubai Trade to introduce Adnic’s marine e-cargo solution.

The solution will be accessible via Dubai Trade’s innovative online insurance platform called TradeShield. Through this new service, Dubai Trade customers will be able to avail themselves of Adnic’s marine cargo insurance services and e-cargo solutions.

“The partnership will facilitate customers to get online quotations for one-off shipments and Dubai Trade’s customers can also generate insurance certificates for their open cover shipments on a real-time basis,” a statement said. This will avoid delays, physical visits and manual work by converting the insurance cover purchases in a straightaway process, it added.

Engineer Mahmood Al Bastaki, CEO, Dubai Trade, welcomed the joint agreement and acknowledged that Adnic could make an important contribution to TradeShield. He added that his organisation was optimistic with Adnic serving as one of the pioneers in providing marine insurance services on the Dubai Trade portal. “We are confident that this successful collaboration will further enhance the effectiveness and efficiency of our online services and attend to the needs and concerns of the trade and logistics community in the region,” he said.

The TradeShield online service offers ease of use, strengthened by a state-of-the-art platform offering direct integration to Adnic’s marine e-cargo solution. Customers can complete the end-to-end process of purchasing insurance online including payments, allowing companies independent and immediate access to insurance cover issuance. 

Walid Sidani, CEO, Adnic, commenting on the agreement stated: “We are pleased to partner with Dubai Trade to provide our new marine e-cargo solution. The marine cargo and logistics sector is vital to the economic development of the UAE and is a core line of business for Adnic. We are actively investing in new technology that allows us to offer a more efficient and optimised insurance services to our customers. Through greater automation, we believe we can help our customers achieve economies of scale and further cost containment. The Dubai Trade portal provides highly beneficial services to its customers and we are delighted to complement their service offering by integrating our cargo insurance solution.” 

Dubai Trade is the premier trade facilitation entity that offers integrated electronic services from various trade and logistics service providers in Dubai under a single window. It underlines Dubai’s position as the ideal base for trading across borders with its unique geographical location, excellent infrastructure and seamless processes across the private sector and government agencies. The portal services are on a continuing growth curve and currently include services for traders, shipping lines and agents, clearing and forwarding agents, hauliers and free zone licensees. 

Adnic offers comprehensive marine insurance. Its cover extends to an array of vessels which include cargo ships, oil tankers, LNG’s, tugs, barges, supply vessels, dredgers, pleasure crafts and commercial yachts.