Cargo Insurance :
Cargo Insurance :
What does this term stand for?
Cargo insurance is a specialized form of coverage that protects the financial interests of shippers, consignees, and other stakeholders against loss, damage, or theft of goods during transportation. This insurance provides compensation for cargo that is damaged, destroyed, or lost while in transit via any mode of transport—including ocean, air, road, or rail—from the point of origin to the final destination. Unlike carrier liability, which is typically limited by international conventions and carrier terms, cargo insurance offers broader protection tailored to the actual value of the goods being shipped.
Types of Cargo Insurance
- All Risks Coverage
- Named Perils Coverage
- Open Cover Policies
- Single Shipment Policies
- Valuation and Claims Process
You may also be interested in these articles
Mastering Logistics Warehouse Management for Enterprise Supply
Introduction For huge businesses, managing a logistics warehouse is no longer a...
What Is Logistics Outsourcing? A Comprehensive Guide
Introduction ion to s Logistics outsourcing is a strategic lever for B2B...
Logistics Cost Reduction: Strategies & Challenges for
Introduction Over the past few years, the cost of logistics has changed...
Can't find what you're looking for?
Our logistics experts are here to help answer any questions about
shipping, customs, or supply chain terminology.
