INSURANCE
ALL RISK MARINE INSURANCE CARGO COVER
Traders sometimes incorrectly assume that the real worth of their consignments will be assured automatically by transporters.
In reality, only limited liability is provided as a matter of course – and this is a legal requirement against the various conventions covering different modes of transport:
- Air Freight: Montreal Convention
- Ocean Freight: Hague-Visby and Hamburg Rules
- Road Freight: CMR Conditions
- Forwarder’s Liability for traffic otherwise in-transit
All Risk Marine Insurance Cargo Cover can be arranged for the full worth of any consignment, to include Duties as they are paid or transit costs as they are incurred and build up towards the intended destination.
Any mode of transport can be covered, however; Personal Effects and Second- Hand Commercial Goods are excluded.
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