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CARGO INSURANCE
In
today's world, cargo theft or damages are an unfortunate reality.Our
goal is to protect our clients offering a verity of
choices.Combining our efforts with several leading insurance
companies allowing us to offer quotes for cargo insurance as
requested.
BUYING CARGO
INSURANCE
Depending on the type of goods in transit,
we strongly recommend buying a "Separate Cargo Policy" This Policy
will cover you in the event of damages or loss.
- All Risk
- Warehouse to Warehouse
- Trade Show/Exhibition coverage
- Long term warehouse/ storage
- Coverage for terms of sale other than C.I.F.
V.S. IMPORT SERVICES, INC will be able to help you
establish the coverage suitable to your specific needs.
THINGS TO KNOW ABOUT AIR & OCEAN CARRIER'S
LIABILITIES
“But isn’t the carrier responsible for
any losses while they’re in possession of my cargo?”
This
common misconception can lead to huge financial losses for shippers.
The fact is that the liability of most carriers, freight forwarder
& NVOCC, is severely limited by law and/or tariff restrictions.
Generally, an ocean carrier is only responsible for up to $500 per
package. An international air carrier has a minimal per pound (or
kilo) limit under whichever convention is adopted by the destination
country. This is approximately $10.50 per pound (or $23.50 per kilo)
under the Montreal Protocol 4, and only $9.07 per pound (or $20 per
kilo) under the Warsaw Convention. Domestic air carriers are only
liable for $.50 per pound for any shipment.
Having the right insurance will protect our clients
from devastating losses.
V.S. IMPORT SERVICES, INC limit
liability for all loss, damage, or "miss-shipment" shall not exceed
$0.50 per pound, limited to a maximum of $500.00 for any
package.
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