WHY YOU ACTUALLY NEED CARGO INSURANCE – Cargo insurance is an essential element in a shipper’s risk management protocols. Shippers are the ones who stand the most in the event of a loss or damage.
GSM International has your peace of mind as our top priority. Shippers have the option to purchase Additional Cargo Liability that raises the limit of liability in the unlikely event of a lost or damaged shipment so that you receive full coverage. Our Additional Cargo Liability is based on an incremental rate per the dollar value that you request.
Did you know that all carriers have Standard (Limited liabililty) Coverage Limits?
International Ocean Carriers under the Carriage of Goods Sea Act (COGSZ) limits their liability at USD $500 per package
International Air Carriers limits their liability at USD $34 per kilogram
U.S. Domestic Full truckload carriers limits their liability at USD $100,000 per truckload
U.S. Domestic Less than truckload carriers limits their liability at USD $.50 per pound
U.S. Small Package carriers limits their liability at USD $100 per package
Cargo Insurance
WHY YOU ACTUALLY NEED CARGO INSURANCE – Cargo insurance is an essential element in a shipper’s risk management protocols. Shippers are the ones who stand the most in the event of a loss or damage.
Shippers have the option to purchase Additional Cargo Liability Insurance that raises the limit of liability in the unlikely event of a lost or damaged shipment so that you receive full value reimbursement.
GSM International has your peace of mind as our top priority. Shippers have the option to purchase Additional Cargo Liability that raises the limit of liability in the unlikely event of a lost or damaged shipment so that you receive full coverage. Our Additional Cargo Liability is based on an incremental rate per the dollar value that you request.
Did you know that all carriers have Standard (Limited liabililty) Coverage Limits?
International Ocean Carriers under the Carriage of Goods Sea Act (COGSZ) limits their liability at USD $500 per package
International Air Carriers limits their liability at USD $34 per kilogram
U.S. Domestic Full truckload carriers limits their liability at USD $100,000 per truckload
U.S. Domestic Less than truckload carriers limits their liability at USD $.50 per pound
U.S. Small Package carriers limits their liability at USD $100 per package
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