» Cargo Insurance
Cargo Insurance
When transporting a customer’s goods, all transport companies take responsibility to deliver the goods from the consignor to the consignee intact and without losses; but it is important to keep in mind that both the liabilities of the carrier and the forwarder are limited.
In the case ofroad transport, the upper limit of the carrier’s liability by the CMR Convention is 8,33 SDR per one brut kg of the goods. SDR (special drawing rights) is an official monetary unit of IMF and its exchange rate is usually stated together with the other currency exchange rates according to the daily fixings of the Bank of Estonia. At the moment ( April 07 2008 ) 1 SDR equals ca 1,04 EUR .
Thus, in case of loss or damage of the goods while transporting 1 EUR pallet which weighs 200 kg, the CMR insurance will cover ~1735 EUR as maximum, but naturally not more than the actual value of the goods.
NB! If your cargo is light but valuable, then extra cargo insurance (which
entirely covers the value of the goods) would be a good idea to think about.
We can offer additional insurance through our partner If Eesti Kindlustus.
More information and good advice from the experts of this field can be found at www.cmr.ee.
| Arco Transport Ltd | Pärnasalu 11, Saue, Estonia | Tel +372 6816000 | | |
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