Either the sender or the carrier, the forwarder or consignee have the right to insure the cargo (to make a contract of insurance). However, the insurance indemnity will be paid only to the present owner of the cargo/goods. (ie, either the insurer or the beneficiary). The beneficiary is either the buyer of the goods or the consignee.
The shipping process is subject to a large number of risks, including:
- damage or theft of the cargo;
- theft or hijacking of the vehicle and its cargo;
- accident, wreck or collision;
- natural disaster;
- other accidents during loading, transportation and unloading of the cargo.
Insurance contract for cargo transportation has its own insurance rates. The type of cargo, vehicle, route, presence/absence of protection and so forth is specified and calculated.
We offer competitive and reliable insurance services for the fact that our partners in this business are the world's leading insurance companies.
The insurance contract may contain the following conditions:
- “with responsibility for all risks”- cover the losses from damage or total loss of all or part of the goods due to any reason, except for common exceptions
- “with responsibility for private failure” - cover the losses from damage or total loss of all or part of the goods having taken place on a named list of risks
- “no liability for damages, except in cases of crash” - the losses are compensated only on the complete destruction or loss of the goods or individual parts; losses from damage to the goods shall be reimbursed only if they arise as a result of the crash (accident) of the vehicle.