IF YOU’RE STILL NOT CONVINCED

IN WHICH SITUATIONS A MARINE CARGO INSURANCE IS NECESSARY?

For security, because in international trades, competition is rough on markets. Insurances are unneglectable to protect shipments from the occurrence of a bad event, as it can be lethal and ruin an enterprise if there’s a missing.

In some countries, the customs duties are calculated with the CIF value of the products as a base. So, if there aren’t any insurance documents testifying of the coverage of the goods, customs officials might decide to increase the customs duties.

SO, SHOULD YOU ASK FOR A FREIGHT INSURANCE?

After reading this article, we hope that you realise how important it is to insure a cargo for a freight. Otherwise, think about the impact you may face in case of troubles.

• How your enterprise will endure a full cargo loss?
• What to do if the vessel transporting your cargo is going underwater?
• What if the truck handling your freight is involved in a major collapse?
• Your enterprise is liable for part of the losses. How can it affect you?

Accidents can happen. Consequently, shippers must ask a freight insurance to protect their enterprise when bad events are occurring. If you want to know more about the protections adapted to your situation, don’t hesitate to contact Presou Logistics, we are always happy to help.

What is transport insurance?

The law requires each courier to take out certain mandatory policies, this is called carrier’s liability. But this is small and covers a very small range of risks such as natural disasters, vehicle accidents and acts of war that could damage your goods. For this reason, many deliveries are insured through cargo insurances in order to insure against damage.

Does the transport insurance have limits?

Cargo insurance can have weaknesses, especially when you carry out road freight in the USA, you will not be protected against all damages due to the specific legislation of each state. Moreover, no such insurance can provide complete protection against risks.

What is comprehensive insurance?

This insurance offers a high level of protection against damage or loss due to external factors. In spite of the name of this insurance, there are some aspects that you should be aware of that are taken into account and not taken into account in the contract.

What is the purpose of the special average coverage?

This coverage does not include compensation for partial loss of cargo or hull unless caused by sinking, grounding, collision or combustion. An important point about this coverage is that the seller is not liable and will not have to compensate anything if the loss of the cargo is significant.

What's the warehouse cover for?

It is when the goods are unloaded from the ship and transported to the warehouse of final destination that this contract is applicable. Only the holder’s merchandise will be compensated by the insurer and not that of another owner.