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Goods in Transit Insurance

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Sigurimi i Mallit Gjatë Transportit

GOODS IN TRANSIT INSURANCE

With the development of global trade; whether by land, sea or air – raw materials, goods and manufactured products are traded and transported both domestically and internationally, but are also exposed to many risks in transit. If something is lost, damaged or stolen, it very quickly affects the entire supply and production chains and can cause serious financial damage to companies. There is also the lack of legal certainty if your goods are lost or damaged on the other side of the globe. Albsig offers protection to manufacturing and commercial companies with transport insurance against all risks and financial consequences of these events with the necessary coverage of transport liabilities.

COVERAGE LEVELS

Level of coverage “A”, includes all damages to the goods, caused by events that are defined as random, unforeseen, accidental and unexpected.

Level of coverage “B”, includes damages caused to the goods by: fire, explosion, transport vehicle accidents, cargo destruction, etc. Damages caused by force majeure such as earthquakes, volcanic eruptions, lightning, are also covered as well as the expenses of the goods determined by General Average and Salvage Expenses.

Level of coverage “C”, includes damages caused to the goods by: fire, explosion, transport vehicle accidents (as in level “B”), expenses of the goods determined by General Average and Salvage Expenses.

DOCUMENTS NEEDED IN CASE OF DAMAGES

  • Original insurance policy;
  • Notification of the Insurer;
  • Evidence of loss or damage to goods;
  • Certificate of origin of the goods;
  • Load sheet;
  • Maritime protest of the captain of the ship;
  • Report of the authorities on the occurrence and consequences of the extraordinary event;
  • Transporters’ reports;
  • Expert report or surveyor’s report
  • Calculation of the size of the damage;
  • Record of revaluation of damaged goods that can be used, etc.

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