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INSURANCE
Brave Cargo offers a wide range of insurance coverage for clients moving
freight internationally or within North America, including foreign
origin shipments. This includes All Risk Coverage for Air Freight, Ocean
Freight, Truck Freight and Warehousing & Storage. Though most shipments
can be insured, there are certain situations where cargo can't be
insured by us. Typical exclusions are: Improper packing, Abandonment of
cargo, Rejection of goods by customs, Failure to pay or collect
accounts, Inherent vice (infestation or loss due to the nature of
product itself), Employee conversion or dishonesty, Losses due to delay
or loss of market, Losses in excess of policy limits, Losses at port
city more than 15 days after discharge of cargo, Losses inland more than
30 days after discharge of cargo, Losses in South America more than 60
days after discharge of cargo, Barge shipments, Goods subject to an
on-deck bill of lading, Losses caused by temperature or pressure (air
shipments), Failure to notify air carrier of preliminary loss in timely
fashion and Used goods
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Why
Insurance?
Just about every entity that imports or exports raw materials, semi
finished goods, finished goods or sells a portion of finished
products abroad needs cargo insurance. This list includes but is not
limited to, manufacturers, retailers and import and export traders.
Insurance protects any shipment through each leg of their voyage,
usually from the point of departure from the seller's warehouse to
arrival at the consignee's warehouse.
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