Ocean cargo insurance. (Marine cargo insurance) and insurance, air transport is important in the export, import or export. Under the Maritime Transport Act is the responsibility of ocean carriers. seaworthiness. Manning the ship's hull and the ship was secured for the transportation of goods. Service providers in the ocean is not responsible for the negligence of the master of the ship, fire, danger and accidents of the sea, acts of God, acts of war, seizures, strikes, riots, the defects are not enough of a load,. quarantine and restrictions on any of the other causes that do not have an actual carrier in the ocean. Without insurance, transportation, even when the carrier is responsible for proving liability will be limited to $ 500 per "package" in the ocean shipping and $ 20 per kilogram for air transport.
Under certain Incoterms (used in international shipping and trade), your company may be responsible for buying insurance carrier. For example, if you sell your product to buyers in Europe, according to CIF (cost insurance freight), you have to pay for transport, international shipping, plus insurance. If you are importing goods from Asia to the terms FOB (Free On Board) means that the seller is responsible for the goods until they have been loaded on board at the port of the source. If anything happens to products during transportation in a foreign country - the seller is not responsible for it, your company already paid for the goods that might never come. It would be wise for the importer to purchase transit insurance to cover the risk of loss or damage. If you are a private party to move household goods from one country to another question about buying insurance, shipping or not did not turn up. Your personal items, furniture, art, cars, motorcycles, usage patterns, boats, etc. As your investment may not be changed easily. With your property is protected, it allows you peace of mind.
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