CARGO INSURANCE

Cargo insurance is a guarantee of protection against all possible risks connected with loss, theft or damage to cargoes. Cargo insurance makes possible fast refund in case of damage and hence fast recovery of manufacturing and trade processes. It helps protect interests of cargo owners and their partners. GRAND LOGISTICS LTD provides B2B cargo insurance services to its customers. This system allows us to issue insurance certificates on-line in our offices.

INSURED OBJECTS:

• road cargoes;
• rail cargoes;
• air cargoes;
• sea/river cargoes;
• multimodal cargoes.

INSURABLE RISKS:

• Natural disasters;
• Fires;
• Transport accidents;
• Thefts, hijacking;
• Crashes/shipwrecks or collisions;
• Cargo handling accidents

Shippers, consignees, freight forwarders or carriers may act as insurers of cargoes, but one must keep in mind that only the actual cargo owner is entitled to be refunded (in most cases it is consignee or buyer).

TERMS OF INSURANCE:

• Responsibility for all risks. Refundable: losses, perishes, damages happened to all or any part of cargo for any reason, all necessary and reasonable expenses connected with cargo rescuing, evaluation and minimization of damages, common accident losses;
• Responsibility for specific accident.
• No responsibility for damages except crashes/shipwrecks.