Transport insurance

One of the most common insurances on the international insurance market is the “Cargo during transport” insurance or also known as “Cargo” insurance. The purpose of the Cargo insurance is to protect the property interest of the owners of the transported goods or of the persons bearing material responsibility, by providing insurance coverage in case of full or partial damages of the cargoes, as well as transportation costs incurred. be all goods subject to import, export or re-export, such as: raw materials, goods, semi-finished products, fuels, minerals, objects, things, animals, valuables, etc. and related material interests, carried by rail, by vessels, aircraft, motor vehicles, or a combination thereof.

The insurance liability covers:

-the value of the load

-transport costs

-insurance bonus

-expected profit

-customs duties, etc.