Insurance
Cargo insurance is one of the most demanded kind of insurance protection. Any cargo runs the danger of theft, damage or destruction during transportation. By the sides any transportation may be totally defended in case of probable problems by cargo insurance.
In spite of the fact that all carriers do all possible for cargo safety, the is always opportunity for an origin of unexpected developments. Because of this, cargo contract of cargo insurance is not a hollow formality.
Insurance money
Insurance money for cargo transportations is divided into three types by completeness of defense:
- “Liability for all risks” – means that all risks are covered, with the exception of generally accepted exceptions.
- “Liability for particular average” – shortened list of risks (exceptions are the same);
- “Without liability for a damage, except of destroy cases” – indemnify only total destruction or loss of cargo or certain lots; damage of cargo indemnify only in cases when they appeared in consequence of wreck of transport facility.