It’s important to understand that carrier liability insurance may not fully cover your damage in the event of a claim. Typically, only if the carrier’s liability is proven will you receive compensation, and the amount is generally less than the actual damage.

For example:

• Air transport (Warsaw and Montreal Conventions): Compensation of 16.5837 SDR per kg (Warsaw) or 17 SDR per kg (Montreal), unless a value declaration is made.
• International road transport (CMR Convention): Compensation is limited to 8.33 SDR per kg for missing or damaged goods.

For a detailed explanation of liability limits and additional information, please consult with us.

On the other hand,

Ad Valorem Insurance compensates you based on the chosen insurance value.

For example, if your goods are insured at a cost + 10%, you’ll be compensated accordingly.

When an accident occurs, identifying the party responsible for the damage across the transport chain can be complex and costly. Out-of-court settlements are rare and often unsatisfactory. However,

if your goods are insured under “All Risks” coverage, you will be directly compensated for any damage incurred.

FAP SAUF Insurance Covers damages or losses only if caused by specific major events such as

shipwrecks, groundings, collisions, fire, explosion, floods, cyclones, or other similar events. General average contributions are also reimbursed.

All Risks Insurance

 This broader coverage includes all the risks under FAP SAUF plus additional risks such as storms, wetness, breakage, handling damage, theft, and falling overboard.
Insurers also cover theft or shortages if documentation proving non-delivery or break-in is provided.

Exclusions

 Damages due to inherent defects, temperature-related influences, inadequate packaging, intentional or gross negligence by the insured or their beneficiaries, as well as war, nuclear contamination, piracy, riots, and strikes are not covered.

War Risks

Maritime war risk coverage begins when the goods leave the loading dock and ends upon arrival at the unloading dock. The base rate is 0.032%, but it can fluctuate in war zones or dangerous areas. An extended guarantee is also available for goods regardless of transport mode.