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0%0% found this document useful, mark this contingent cargo covers goods in vehicles that are the legal liability of insured's (usually freight. Freight insurance policy provides extra protection to goods during shipment. What's in this freight paper? It pays the value of lost or damaged shipments up to coverage limits. Freight forwarders liability insurance provides coverage against unforeseen damages or losses. A common misconception is that shipments are automatically insured by the carrier. Click to learn more about how to china freight insurance. When the ship is lost, it also results in loss of her profit earring capacity and the termination of freight contracts already entered into.

Under the terms of a freight policy, coveting as a rule a sum not exceeding 15 per cent of the value of the hull and machinery.

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