Cargo Insurance
Definition of cargo insurance
Cargo insurance is a policy designed to protect goods during transit against risks like damage, theft, loss, or delays. Unlike carrier liability, which typically offers limited coverage, cargo insurance can be tailored to cover the full value of goods.
Who charges for cargo insurance?
Cargo insurance is typically arranged by the shipper, consignee, or a freight forwarder.
Where is cargo insurance charged?
Cargo insurance is usually charged at the point of shipment, whether at the origin or during transit, depending on the policy chosen.
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