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Background
Most shippers regard cargo insurance
as indispensable, since there is no guarantee of a recovery against
a carrier or a freight forwarder for loss or damage to the goods.
Furthermore, if a recovery is successfully made it is frequently
not for the full amount of the loss because the law sets limits
on the compensation carriers are required to pay.
It should be noted that conditions of
carriage and forwarders conditions of trading also place contractual
liabilities on shippers. Under most freight contracts, the shipper
must provide indemnities in respect of ownership of the goods; duties
and taxes; claims made against the forwarder in excess of the liabilities
provided for in the trading conditions; the accuracy of the description
of the goods; any failure to warn (and the proper loading) of goods
which may taint other goods; General Average liabilities; and any
undeclared goods of a dangerous or damaging nature.
How can we help?
We can review your cargo insurance policies
and conditions of carriage.
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