What is the difference between international freight forwarder liability insurance and domestic freight forwarder liability insurance?

International freight forwarder liability insurance is to make up for the risks brought by international freight.

Losses caused by cargo insurance accidents can be compensated financially.

2. The reasons for the claim are different.

Cargo insurance is an act of settling claims only when the goods are damaged or lost due to natural disasters.

International freight forwarder liability insurance is an act of settling claims for losses caused by the negligence or negligence of the insured.

3. The product types are also different.

International freight forwarder liability insurance includes: limited liability insurance, full legal liability insurance, highest liability insurance and collective insurance system.

Cargo insurance includes: domestic cargo transportation insurance, international cargo transportation insurance, domestic waterway and land cargo transportation insurance, maritime cargo transportation insurance, postal parcel insurance and air cargo transportation insurance.

Extended data:

Characteristics of cargo insurance:

1, variability of the insured

The insured transport goods may be resold many times during the delivery of insurance, so the beneficiary of the final insurance contract is not the insured specified in the insurance policy, but the applicant.

2. Transferability of insurable interest

When the subject matter of insurance is transferred, the insurable interest is also transferred.

3. Liquidity of the subject matter insured

The subject matter of cargo transportation insurance is usually movable property with commodity nature.

4. Widespread of underwriting risks

The risks covered by cargo transportation insurance include maritime, land and air transportation risks, natural disasters and accidents risks, dynamic and static risks, etc.

5. Fixed value of insurance value

The price of the insured goods may be different from place to place, so the insured amount of the goods can be determined by the insured parties according to the agreed insured value.

6. Transferability of insurance contract

The insurance contract of cargo transportation insurance is usually transferred with the transfer of the insured subject matter and the insured interest, without notifying the insurer or obtaining the insurer's consent. Insurance policies can be transferred by endorsement or other customary means.

7. Particularity of insurable interest

The particularity of cargo transportation determines that cargo insurance usually adopts "lost or not", that is, the insured does not know in advance and has nothing to hide. Even if the subject matter insured has been lost before or when the insurance contract is concluded, the insurer will compensate if it is found that the insurance risk has caused the loss of the subject matter insured.

8. The rigidity of contract termination

Cargo transportation insurance belongs to voyage insurance. Insurance law and maritime law stipulate that after cargo transportation insurance begins with insurance liability, the parties to the contract may not terminate the contract.

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