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Should you have insurance? Of course... not
only is the value of the goods at risk, but other peculiarities to shipping mean
that you may also be responsible for the salvage of the vessel (refer clauses on
the bill of lading relating to General Average), an expense which may leave you
liable for far more than just the costs of goods and shipping...
We work closely with insurance brokers to provide you not only competitive price
and coverage for your shipments, but also the confidence in knowing that the
underwriters AIG are a reputable company well versed in insurance requirements
and advice. If shipping personal effects, please
download
this form and forward to our offices. If the goods are commercial
in nature, simply confirm the currency and the amount to be insured for, and we
will take care of the rest, resulting in a policy on your desk within 24 hours
As a general rule, you should insure for cost of goods, plus freight, plus
insurance plus 10% however, many clients choose to insure for just the cost of
goods
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