IOR Direct - IOR and EOR Solutions | Call us (786) 231-6633

Risk Management

Worry-free

With industry knowledge and a comprehensive understanding of how cargo moves, IOR Direct’s team of risk management professionals specializes in helping clients understand and address vulnerabilities through customized solutions based on their unique needs. 

What is

Cargo Liability

Carriers are not responsible for lost or damaged shipments. The carrier’s liability is limited to a calculation based on the shipment’s weight or shipping unit, not the actual value of the goods.

IOR Direct offers its clients cargo liability with all its shipments.

Mode Liability Limitation
   International Air Carriers
$9.07/lb or approx. $20/kg – under Warsaw Convention or 19 SDRs approx. $29/kg. under Montreal Convention
   Domestic Airlines, Trucks (US)
$0.50/lb customary
   Warehouse (US)
$0.50/lb; $50 per lot max
   Small Parcel Carrier
$100 per parcel or invoice value, whichever is lower
   Line Truck (Canada)
CAN $2 per pound
   Ocean Carriers
$500 per shipping unit

Cargo Insurance

The broadest insuring conditions cover the most significant number of perils. Covers all physical loss or damage from any external cause except for specific exclusions, such as improper or inadequate packing, abandonment of cargo, rejection by Customs or other governmental authorities, failure to pay or collect, etc. Even if a carrier is at fault for damaging a shipment, your goods may not fully be protected. All-risk cargo insurance puts that worry to rest and ensures your business is protected from unexpected damages or losses. IOR Direct offers cargo insurance at the most competitive cost in the market. 100% coverage on your declared shipment value! Request your quote today!

Liability vs. Insurance

With standard carrier liability only, the maximum the carrier will pay is limited to the amounts below. With cargo insurance, the complete value of the shipment is covered, regardless of mode.**

Shipment details: One carton, 100 lbs (45kg), $10,000 value.

Mode With Carrier Liability Only With Expeditors All-Risk Insurance
   International Air Carriers
$1,350
$10,000
   Domestic Airlines, Trucks (US)
$50
$10,000
   Warehouse (US)
$50
$10,000
   Small Parcel Carrier
$100
$10,000
   Line Truck (Canada)
CAN $200
$10,000
   Ocean Carriers
$500
$10,000

Even if a carrier is at fault for damaging a shipment, the goods may not be fully protected at their commercial value. Cargo insurance puts that worry to rest and ensures your business is protected from unexpected damages or losses.

*Carrier liability is determined by international conventions, treaties, and other domestic & international governing bodies.
**Rates may vary. Contact us for more information.

Do you want to know more about Risk Management?

Secure High-Value Good

You can’t send valuable products at the risk that they might get damaged along the way, resulting in financial losses on your part, as well as client dissatisfaction.

Typical transportation administrations may not give the required care to your package, and may not even agree to carry bulky or sensitive goods.

To secure high-value merchandise and guarantee that they are in safe hands. 

IOR Direct - IOR and EOR Solutions | Call us (786) 231-6633