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Transport insurance Guide
Whether you are buying or selling goods from or to the international market, there is always a risk that they may be damaged, lost, or delayed in transit. Most people in the supply chain who facilitate the movement of goods operate under conditions limiting their liability in cases of loss, damage, or delay. Traders should therefore ensure their goods against loss, damage, or delay in transit. This guide will help you understand the importance of transport insurance to your business. It explains how to ensure appropriate insurance is in place and that you don’t assume another party has made the necessary arrangements, leaving you liable in the event of a claim. The guide looks at the different clauses in insurance contracts, contains details about finding the right policy and how to make a claim.
Importance of insuring Your Package
If you’re moving goods to or from the USA, Europe, Australia, Canada, Asia, Africa or South America it’s advisable to ensure there is adequate insurance cover. This safeguards against the risk that goods may be lost, damaged, or delayed because you can claim compensation if there’s any resulting financial loss to your business. Cargo insurance A typical cargo insurance policy covers goods in transit via road, rail, sea, or air. In its simplest form, it provides cover against accidental damage and other risks. The other extreme is a comprehensive all-risk policy, covering a range of specified accidents – including damage during loading, theft, and negligence. The cost of your insurance and in which circumstances you’ll receive compensation will depend on:
- The value of the goods in transit
- The expiry date of the insurance policy
- Whether the journey is domestic or international Limited liability Without insurance you have only the minimum protection for your goods because freight forwarders and carriers typically have limited liability in the event of loss, or damage or delay.
*With all these, all respected clients whose packages are been shipped using this courier service MUST pay an Insurance fee when the package is under transit. This Insurance fee will be refundable upon delivery back to the client together with his or her registered package*
Restricted Search Stamp Guide
All packages registered under discrete delivery must be sealed with a restriction stamp. This stamp helps the client’s packages not to be searched during customs or any police checkpoint and with this stamp on your package, delivery is much faster. Packages under the restriction stamp scheme pay Global courier and Logistics Agency a premium fee for your package to be stamped and same with an Insurance fee, It is refundable upon delivery. The restriction stamp fee will strictly depend on the value and content of your good during the registration of your package.
Covid-19
Due to the ongoing pandemic, all packages registered with us MUST be quarantined before and after delivery to ensure safe help keeping people from the virus.
GCLA Stands With Ukraine
As the military Invasion of Ukraine has unfolded, an estimated 1 to 5 million Ukrainians may seek refuge in Poland, Romania, Hungary, Slovakia, and Moldova. the majority of them will have to rely on humanitarian assistance to meet their basic needs. The Council on Foreign Relations estimates that the war could take up to 50, 000 casualties and leave in great economic insecurities. We made a $10k donation to the biggest polish nationwide fundraiser that collects money for Ukraine to help refugees and victims of the conflict. To support Ukraine in its time of need, please click on this link