Sea Freight InsuranceThe perils and risks arising from shipments by sea are often underestimated or, in many cases, simply overlooked.
During the transit, goods can be exposed to considerable risks.
For companies that convey their goods by sea or by "ship and truck", separate transport insurance is advisable. They should know that the liability for losses covered by the shipping company are very limited.
Why is a transport insurance so important? It is general practice in the transportation industry that carriers limit their liability in the event of loss or damage or even completely exclude it under certain circumstances. Carriers normally use the shipment weight or the number of packages as a basis for their liability.
This means that, in the event of loss or damage to the cargo, the carrier's liability might differ from the actual value of your shipment.
Transport insurance protects the goods because, in the event of loss or damage, the replacement value is refunded.
Should you have any questions, please do not hesitate to contact us.