Cargo insurance

The CUBQ company group takes care of clients’ cargo condition and organizes insurance services in reliable insurance companies.

CUBQ’s liability as a transporter in the sphere of the international transportation is provided by the Voluntary public liability insurance of a carrier (CMR - insurance), as for transportation across Russia – we use waybills. Forwarding is provided by a forwarder’s liability insurance policy. Our liability for multimodal transportation services is reliably insured.

400 000 euros is the liability limit for one insurable event regardless of the transport supplier
Insurance limit can be increased in the case valuable cargo transportation.

Transport liability insurance is based on the fundamentals established in the Convention on the Contract for the International Carriage of Goods by Road. In case of damage, partial or full loss of cargo through carrier’s/forwarder’s fault, an insurance company will refund the cargo owner.

The insured sum (as well as the necessity to enlarge the stated limit) is determined by cargo cost when it is received for transportation (preliminary information is provided by a customer, the sum is finally determined in CMR- waybill/ forwarding agent's receipt).

CMR liability insurance policy and liability forwarder’s insurance policy provide a carrier’s/forwarder’s liability towards. In case of damage or loss of cargo through a fault of a performer, an insurance company covers the damages. The causes of such situations can be a traffic accident, soaking, fire, a roll-over, cargo overcooling or overheating, cargo damage as a the result of violating the terms of delivery, theft and etc.

Cargo insurance defends first of all the owner’s interests. In the event of any accident with cargo an insurer pays off all the insurance sum to the cargo owner and assumes the obligation to demand compensation from the service performer (if there is his fault), or from the third parties.

This mechanism is especially important when there is no fault of a carrier/forwarder. For example, if valuable or dangerous cargo isn’t stated during the signing of the contract; the losses emerged because of delay in delivery through the cargo owner’s fault (incorrect declaration); losses because of force-majeure circumstances; losses because of inadequate cargo safety, if according to a contract a carrier/forwarder is not responsible; losses through fault of the third parties.

The decision about cargo insurance should be taken in every specific case, estimating all the possible risks and the features of transportation.

Our civil liability insurance policies of carrier and insurance liability policies of forwarder will safeguard your interests!