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INTRODUCTION (Insurance is required for both the load and the vehicle.…
INTRODUCTION
Insurance is required for both the load and the vehicle. Besides, wether you are buying or selling goods from or to the inyternational market, there is always a risk that they may be delayed, damaged or lost in transit including warehousing, loading and downloading.
The cargo insurance policy indemnifes the exporter or importer in the event of loss or damage to goods due to a peril insured against while at risk under the policy.
Although it does not exist obligation to insure the goods, it is highly recommended.
Things to look out for:
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How are high risk areas covered, if at all
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