Transport and Marine Insurance – Limited Liability2/10/2018
Transport and Marine Insurance – Limited Liability
We would like to take this opportunity to highlight again that most parties along a supply chain (Airlines / Shipping Lines / Forwarders / Warehouse Operators, Terminal operators and Road Carriers) only offer a very limited or no liability at all for the loss or damage of cargo.
This limitation in liability is reflected accordingly in Freight Forwarder’s Terms & Conditions.
It is absolutely essential to discuss transport insurance cover options with your insurance provider.
Responsibility of who covers transport insurance (seller or buyer) will also depend on the incoterms applicable for a particular shipment or contract.
For good order’s sake, our current Terms & Conditions are available here: Fracht Australia - T&C's - 24.9.2018
Don’t hesitate to contact the Fracht team if you have any questions.