Transportation and Cargo insurance

Translucent logistics provided additional protection to our clients, establishing cooperation with renowned insurance companies. Insurance premiums Tranaslucent Logistics annualy covers, obtained competitive terms of cargo insurance that our clients can use when nationally, regionally or globally transporting goods.

It doesn’t have to be especially dangerous to move cargo from point A to point B, but it is never known when damage, loss or other risks might occur.

Translucent logistics advise our clients of carefully assembling their goods and making sure they are covered by transport insurance that covers the majority of contingencies in order to reduce these risks.

Without transport insurance, cargo is typically only covered up to a certain limit by the carrier's insurance, which is determined by national and international agreements. The amount of compensation may, therefore, be less than the value of the lost or damaged products when the carrier's liability is acknowledged.

Due to these factors, a lot of companies that use transportation services, purchase insurance to ensure the security (at the very least financial security) of their products. The method of transportation will determine the kind and cost of transport insurance.

Incoterms

Understanding Incoterms helps companies to enhance smoother transactions.

One of the criteria used to determine whether the customer or the seller must purchase transport insurance is the Incoterms, terms that were developed by the International Chamber of Commerce to standardize the duties and responsibilities of the buyer and the seller during transportation. We always advise our clients to be cautious when selecting the Incoterm to be used in thier contracts in order to ensure the best insurance and product security