Value Additions

Transport Insurance

Despite the modern nature of transport processes, lots of things can still can go wrong during the transport of goods.

It is important for shippers to have a good understanding of the issues you will face in the event of damage, total or partial loss or theft. This area is covered by Incoterms and liability, Carriers and freight forwarders terms and conditions and Transport insurance cover.

Generally the carrier or freight forwarder is only liable if damage or loss occurs through demonstrable mistakes or negligence during transport. Moreover, there are limits to the extent of carriers’ or freight forwarders’ liability and the maximum amount of compensation they are required to pay.

We are able to assist you in getting insurance through associate insurers.

Grit standard trading conditions

incoterms 2020

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