Insurance offers cover against relatively extensive damage that occurs relatively rarely. But what about the carrier’s or forwarder’s legal liability? This white paper describes difference between the two and helps you to decide whether you should purchase insurance.
Here is a sneak preview of some of the considerations.
Incoterms and Liability
The Incoterms rules describe the rights and duties between the purchaser and vendor of the transportation and delivery services. The Incoterms clarify who pays for what. They also set out who is liable in the event of any damage or loss of goods in transit.
Special Drawing Rights (SDR)
What are SDRs and what are they used for?
What is "General average" and when is it applicable?
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