Transport and cargo insurance

Protect yourself financially with a cargo insurance in case of loss of or damage to your goods

Insurance for air, sea and road transport

Every mode of transport has its own national and international set of laws and regulations. The CMR Convention governs international road transports and the Maritime Law applies to transport by sea while the Warsaw and Montreal Conventions govern air transport.

Our responsibility as freight forwarding agent is regulated by various country specific laws and rules.
Liability concerning all contracts made in Scandinavia is described in NSAB2015 (the General Conditions of the Nordic Association of Freight Forwarders).

We can provide cargo insurance through a reputable insurance company, ensuring you coverage for full invoice value in case of loss or damage.

Extended coverage and best conditions

The benefits of insurance are plenty. But we have increased the benefits further, to provide you with an extended coverage at the same price. Among other things, the insurance includes damage manifestation up to 90 days after delivery, up to 30 days’ storage of consolidation cargo and compensation for loss of cargo upon arrival of FCL-cargo with intact container seal.

 

The above is normally NOT included in a cargo insurance. However, we know how important a cargo insurance is. That is why we have made the conditions even better for our clients.

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Advice about liability and coverage

Cargo in our custody
Insurance misunderstandings - Cargo in our custody

There are circumstances where the carrier is exempted from liability. Knowing in which situations these rules apply, puts you in a better position.

Covering loss in full
Insurance misunderstandings - Covering loss in full

According to international laws and regulations, calculation of the compensation is based on quantity or weight. Therefore, you may risk that your loss will not be fully covered.

Automatic insurance
Insurance misunderstandings - Automatic insurance

We provide Cargo Insurance according to written agreement with you. You can take out a single insurance or make a permanent arrangement for all your transports.

Incoterms

Incoterms (International Commercial Terms) are composed by the International Chamber of Commerce on the interpretation of trade terms.

 

The rules apply internationally as well as in domestic trade and explain the distribution of risk and costs between the seller and the buyer for the sale of goods.

 

Incoterms are standardised conditions of sale and apply exclusively to the relationship between buyer and seller. The agreement between the freight forwarder and the client is regulated by the transport contract.

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Contact

Tine Kaaber

Tine Kaaber

Global Head of

Insurance & Claims

tika@bws.net

+45 7913 5099

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