Glossary
Terms & Glossaries of Shipping and Trading
Cargo Insurance
Cargo Insurance is the most common method used to protect the value of your goods from physical damage, theft, or general average. Cargo insurance is not always automatically included for all shipped goods—this often varies by region.
Cargo Insurance is the most common method used to protect the value of your goods from physical damage, theft, or general average. Cargo insurance is not always automatically included for all shipped goods—this often varies by region.
Cargo insurance protects international traders against the risk of loss or damage to cargo transported by all types of carriers and methods of shipment including oceangoing vessels, inland waterway vessels, trucks, railcars, and airplanes. An international trader may obtain cargo insurance either directly from an insurance company or through the carrier, freight forwarder, or logistics firm handling the shipment.
