Logistic Services

Cargo insuranceā€¦ what next?

Obviously, Mainfreight does everything in its power to prevent and/or limit damages. However just like in regular traffic, something might go wrong during transport. Mainfreight offers you peace of mind by offering you an additional insurance.

Mainfreight works together with dedicated carriers which work according the same high quality standards.  Everyone is doing their utmost to limit and prevent irregularities. Especially in case something goes wrong, you need to be aware of the legal framework.


For instance, do you know the carriers liability does not cover all of your potential costs? Mostly the carrier will appeal to their maximum liability which is usually based on the gross weight of the damaged goods.The owner (of the goods) may face serious consequences, because just a part of the material costs will be compensated if the carrier accepts liability.

 


In practice

The CMR Convention applies  to every contract for the international road carriage of goods, when the place of taking over the goods and the place designated for delivery, as specified in the contract, are situated in two different countries, of which at least one is an contracting country. Is the carrier liable, the maximum liability for material damage is 8,33 SDR per gross kilogram weight. The rate of SDR fluctuates and will be calculated by several factors. At this moment 1 SDR equals  € 1,21 so around € 10,00 (8,33 SDR) per gross kilogram weight. An example to illustrate:

During a road transport from The Netherlands to Germany a shipment of 1 machine with a value of 30.000,00 euro is fully damaged. Weight of this shipment is 300 KG. Liability from the carrier according the CMR Convention  is a fact. This Convention has a maximum indemnification per kilogram gross weight of € 10,00 (8,33 SDR). The maximum compensation in this case: 300 kg x € 10,00 = € 3.000,00.  In this case insurance  premium would be € 30,00 + € 25,00 administration costs. Total costs for additional insurance would be € 55,00 and covers the complete gap of € 27.000,00.


The solution

To prevent a gap between the carriers liability and the actual value, Mainfreight can offer you a cargo insurance. This insurance is actually an extra service of Wim Bosman and includes a payment / compensation based on the actual suffered material damage and takes care of everything.

Click here for more information about this cargo Insurance.


Contact

Mainfreight Holding
Department Insurances & Legal
T: +31 (0) 314 678 540
E: insurances@nl.mainfreight.com

 


The Mainfreight group offers its services in several European countries.
Please contact us for more information or ask for a quote.