So, you don’t believe in insuring your cargo?

Regardless of whether you are importing or exporting cargo by using air or ocean freight for your international shipping, an insurance policy covers loss and/or damage of cargo while it is in transit between the points of origin and final destination.

Too many companies try to cut corners so they can save a little money up front by not insuring their cargo, but here’s just five of the many reasons why that’s a bad idea:

1. Reduce exposure to financial loss
2. General Average : expedite the release of your cargo
3. Contractual Requirement
4. Coverage for limited carrier liability
5. Have more control over insuring terms

Thankfully none of our customers were effected by the MSC Zoe which lost up to 270 containers overboard in North Sea. Read full article here