Transport Insurance

Exporters and importers, manufacturers and trading companies that despatch or receive goods, road carriers and freight-forwarding houses, logistics operators, warehouse operators and investors (project cargo).

Traffic accident, fire, explosion, natural perils (storm, flood), theft and robbery, rough handling in transit, overturning and dropping of a shipment, damage to temperature-sensitive goods (e.g. a break in the cold chain) and theft or pilferage during storage and transhipment.

The limitation of liability under Article 23 of the CMR (as revised by the 2006 Protocol) is a maximum of 8.33 SDR per kilogram of gross weight; the limit is calculated as 8.33 × the SDR/EUR rate × kilograms (gross). Cover also includes cabotage, the carriage of dangerous goods (ADR), the carriage of perishable goods (ATP) and the services of sub-carriers.

Visible damage must be reported immediately, supported by a report signed by the consignee and the driver; non-apparent (concealed) damage — inland carriage under the CMR within 7 days, domestic carriage under the Law on Obligations within 8 days, sea carriage within 3 days of discharge, and air carriage within 14 days of receipt.

Financial (purely pecuniary) losses under a cargo policy are generally excluded, save for specifically listed charges (general average, salvage, disposal, replacement delivery); the insured is obliged to take all reasonable measures to avert or minimise the loss and to preserve the right of recourse (subrogation) against the responsible party.

VIPOX carries out an independent risk analysis and compares quotations from several insurers in order to secure tailored terms and limits for the client. With local market knowledge and a commitment to every client, VIPOX represents the insured throughout the claims-settlement process to achieve a faster and fuller recovery.