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Insuring your cargo for the period of its transportation is the easiest and most reliable way to protect your material interests during the transportation process. According to statistics, the risk of loss, theft or damage to your goods is highest at the very moment when they are en-route from the seller to the customer. An insurance plan lowers the risks of the cargo owner suffering financial losses.
In accordance with the IATA international rules of cargo transportation, an airline/cargo carrier, in the event of loss or damage to cargo, pays financial compensation of not more than 20 US dollars per kilogram of cargo. Therefore, in order to provide additional financial guarantees and protection of the cargo owner’s interests during international and domestic air cargo transportation, we recommend the additional insurance of your shipment with an independent insurance company.
With the agreement of both parties, those risks that would normally be considered as exceptions can also be insured. Standard shipments of goods of one type are often insured by a general policy, which allows transaction costs to be reduced, as well as simplifying and speeding up the insurance process.
Cargo Service Centre has been working with RESO Guarantia, a leading Russian insurance company, for many years, and we offer our clients the insurance of their shipment during transportation at 110% of its commercial value. The insurance premium is 0.3% of the amount insured.
For more detailed information about cargo insurance during air transportation, please get in touch with a member of our team.