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DJS recommends that all shippers, both import and export, obtain Cargo Insurance coverage for their shipments. With our vast experience in the shipping business we have seen or heard of just about every shipping peril that can happen – and unfortunately has. Even so, we continue to be amazed at the many different ways that shipments can become damaged, lost, stolen, pilfered, sunk, dropped, burned, and even thrown overboard!
Shippers need to be aware of the insurance limitations of carriers (ocean, air, truck, and rail) in regards to liability for loss or damage to goods. The carrier's liability often covers only a portion of a loss, or none at all, depending on many factors, such as the location and type of damage. These limitations can leave shippers without proper cargo insurance significantly exposed.
Furthermore, it is vitally important that shippers understand the fact that, even if your shipment arrives intact, you could be subject to general average. When a vessel incurs substantial damage, general average may be declared by the carrier. This means that any party with cargo on board that vessel is liable to cover a portion of the loss, even if such party did not incur damage to his own freight. If for no other reason, the liability for general average makes cargo insurance essential for all shippers.
At DJS, we can assist you with obtaining the right cargo insurance coverage, and prevent you from being at the mercy of a carrier’s limited liability. Our knowledgeable staff can answer your cargo insurance questions and help determine the coverage that is right for you. While DJS is not an insurance company, we do have the ability to secure coverage on your behalf at a fair and competitive per shipment rate. And, should you find yourself in the position of needing to file a claim, we can assist you through that process as well.
For more information about cargo insurance, please call a DJS reperesentative or email us at insurance@djsintl.com.
To request cargo insurance coverage, please complete and submit our Insurance Election Form.
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