Our contracted partners are covered by CMR insurance to cover unforeseeable damage occurring during the transport of goods. An insured event is the total or partial loss of or damage to the goods covered by the insurance during the period from acceptance to delivery, provided that the Insured is liable for the resulting damage under the CMR Convention and that this is not an excluded risk or a loss not covered by insurance.
What is important to know: the limit of indemnity for carrier’s liability insurance for the carriage of goods by road is 8,33 SDR per gross kg of goods (SDR: Special Drawing Right.
For this reason, if the value of the goods so requires, it is possible to take out separate insurance per transport (single trip insurance).
In the following cases it is advisable to choose this option:
- if the value of the goods is higher than what the insurer would pay under the basic liability insurance in the event of a claim,
- The shipment is more than the value of the insured amount if the insurance cover is higher than the value of the insurance cover for the shipment if the shipment is more than the value of the insurance cover for the insured amount.
Duka Yard Ltd. has a freight forwarder’s liability insurance policy, which provides cover for damage caused by a breach of the professional rules of freight forwarding by a person employed by, or having a contract or other employment relationship with, the Insured, for which the Insured is liable to pay compensation under Hungarian law in his capacity as a freight forwarder, and which is not considered an excluded risk or damage not covered by insurance.
