Carrier liability is extremely limited under the various modes of transit (ocean, air, truck, rail). Importers and exporters that ship their cargo with Sprint Forwarders can purchase cargo insurance which can cover full or partial losses due to external causes of loss while in transit.
When purchased, cargo insurance attaches to the cargo while in transit with coverage usually being extended from warehouse to warehouse. Cargo insurance pays regardless if the loss or damage was due to the carrier’s negligence. Furthermore, cargo insurance provides protection for the full commercial invoice value plus freight and other costs associated with the cargo.
Contact us today about cargo insurance.