While suppliers selling CIF (Cost, Insurance, Freight) are responsible for arranging cargo insurance, many importers do not realize just how little coverage the Carrier’s Limits of Liability offers for loss or damage of goods in transit. Reports claim that 30% of all freight damage that occurs in transit is unavoidable, and carriers hold no responsibility for losses beyond their control.
For these reasons, cargo insurance has become a critical addition in order to reduce the risk of financial loss when buying or selling internationally. As transportation specialists, Saratoga Forwarding understand the complexities of every shipping transaction and can offer cargo insurance policies for air, ocean, and truck shipments at competitive rates.
Please contact us to speak with a Cargo Insurance professional or to receive a quote.