In the logistics world, safe and trouble-free transport of the material has always been a priority issue. In transport processes, carrier load insurance comes into play to provide assurance against various risks.
What is Carrier Cargo Insurance?
It is a type of insurance policy that provides protection against various risks that may occur during the transport of a material from one point to another. This insurance protects the transport company and the sender financially in case of loss, damage or theft of the material during transport.
Comprehensive Protection Against Various Risks:
It provides a wide range of protection against various risks that may be encountered during the transport process. The scope includes situations such as fire, accident, theft, loss of material as a result of an accident during transport. In this way, the sender and the transport company are protected from financial losses in the face of unexpected situations.
Why is it Necessary?
It creates a safety net against uncertainties in the transport process. In case of damage or loss of materials due to various reasons, this insurance policy minimises financial losses. In addition, this type of insurance, which is frequently used in international transport, provides protection against risks that may arise at different stages of transport.
How does it work?
It usually works on the basis of a premium payment determined by the value of the materials in the transport process. The transport company pays a premium for the insurance policy, which can vary depending on the value of the material, the transport distance and the track record of the transport company. The insurance policy starts with the departure of the material and ends when the material arrives safely at its destination.
Conclusion:
Carrier cargo insurance is considered as a security measure against uncertainties in logistics processes. This type of insurance plays an important role in minimising the financial losses that may occur during the transport process and providing assurance to the parties. In the event of a dispute between the sender and the transport company, carrier cargo insurance provides a fair solution between the parties.