Types of insurance for international freight transport

Safety in the transport of goods, both in maritime transport and in land transport is a priority. In the case of international freight transport, it is also necessary to make sure that the insurance coverage is complete and that it includes some assumptions that may be different from country to country (for example, that the entire truck is covered and not just the container, etc.)

The types of existing policies are:

• For travel: these are the policies that cover a certain journey (including those made in aircraft and wagons). The duration of the insurance ends when the merchandise reaches its destination. Goods addressed to a single customer delivered in a single trip are covered, including possible stopovers, transfers, necessary storage in itinere and stoppages of the means of transport.
  
  
• Open insurance policies: they cover certain goods or merchandise that are addressed to a single client, but that is delivered in more than one trip. The entire route of the various necessary trips from the starting point to the arrival is therefore covered. Stopovers, transfers, in-itinere storage and transport stoppages are also included.
  
  
• Floating: these are the policies that cover the transport of different goods or merchandise that are directed to several clients and that make different trips using them for a certain time. The routes of all the trips necessary for these deliveries are included with the inclusion of stopovers and transfers, in-itinere storage and stoppages of the means of transport. It is a type of policy that requires certain specifications in the contract.
  
  
• Policy insurance «forfait»: these are the policies that cover a certain capital in a series of variable trips during the insured period. It is usually hired by transport companies so that their mandatory responsibilities established by international laws are covered.

In short, there are policies for each transport situation.