Marine cargo insurance

Your own vehicles, your own goods

If you carry your own goods in your own vehicles, own goods in transit insurance is the sensible answer. A maximum value per vehicle is agreed. The goods carried are then insured up to that value on every journey, without you having to notify each individual trip.

Cover extends to damage, destruction and loss in transit and, depending on the set of terms, also to theft from a parked vehicle and damage during loading and unloading. The own damage cover on your truck does not help here, because it insures the vehicle and not the load.

Carriage by others: liability is capped

If your transports are carried out by forwarders, haulage firms, rail or airlines, their liability is limited both in principle and in amount. Under the German Commercial Code and the CMR convention it is normally measured by the weight of the consignment and not by its value. For light, high value goods very little is left of that. Where the damage is caused by force majeure, the carrier is often not liable at all.

Full protection against damage to and loss of your goods is only achieved through cargo insurance on an all risks basis. It replaces the value of the goods regardless of whether the carrier was at fault, and you do not have to spend months pursuing your claim against the carrier's insurer.

Incoterms, inbound and outbound transport

We check for you which risks and liabilities on your inbound and outbound transports actually rest with you. In doing so we also explain the effects and the typical problems of shared liability arrangements under the Incoterms. Who carries the risk at which point of the supply chain is written in the contract, not decided by instinct.

Internal transport on your own site and the purchase of capital goods belong in the risk profile as well. A new machine is particularly exposed on its way to you and while it is being set down on your premises, and that is exactly where the supplier's cover often ends.