CARGO INSURANCE

CARGO INSURANCE

Horda Logistics recognizes the significance and individuality of each shipment, guaranteeing its safety throughout transportation. Our cargo insurance services offer extra protection, allowing you to concentrate on your business without worrying about risks.

why is it important?

CMR Insurance: When transporting goods by road, the carrier's liability is limited under the CMR Convention (Convention on the Contract for the International Carriage of Goods by Road) to 8.33 SDR (approximately €10) per kilogram of cargo. For air transport, coverage is up to 17 SDR (around €18) per kilogram, while sea transport provides coverage of up to 2 SDR per kilogram.

To protect more valuable cargo, it’s advisable to purchase additional insurance. While the CMR Convention offers basic coverage, if the cargo value exceeds this limit, additional insurance must be arranged by the cargo owner, recipient, or any other involved party.

Why Choose Additional Cargo Insurance?

Protect high-value cargo: If your cargo is worth more than the coverage offered by the CMR Convention, additional insurance will safeguard against potential losses or damages that could exceed the basic coverage limit.

Customized risk protection: Additional insurance allows you to tailor the coverage to your specific risks and needs, ensuring comprehensive protection against various possible incidents.

Peace of mind: Knowing that your cargo is fully insured means you can be confident that you’re protected against financial losses that may arise from unforeseen circumstances.

Contact our specialists to learn more about our services. We offer consultations to help you choose the most suitable transportation methods

and services for your needs, ensuring maximum protection for your cargo.

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How is Cargo Insurance Pricing Determined?

The cost of a cargo insurance policy is determined by several key factors, including the type of cargo, its value, the route, and the method of transportation. Horda Logistics carefully assesses potential risks and the client's history to offer customized insurance solutions. Our goal is to provide competitive pricing while ensuring peace of mind, protecting your cargo at every stage of transport.

Cargo Type

Different types of cargo carry varying levels of risk. For instance, delicate or expensive items (such as electronics or jewelry) may be more costly to insure than less valuable or more durable goods.

Cargo Value

Higher cargo value typically results in a higher premium, as the potential loss is greater.

Transportation Route and Method

Risk can vary significantly based on whether the cargo is being transported locally or internationally. Some routes are riskier than others (e.g., areas with high crime rates). Different transportation methods (road, air, sea) also come with varying levels of risk and associated premiums.

Insurance Coverage

The cost of an insurance policy can vary depending on whether it covers all risks (comprehensive insurance) or only specific risks (such as theft or damage).

Insurance Period

The premium for a shorter insurance period (e.g., single shipment) may differ from that of a long-term policy (e.g., annual insurance).