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.
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 |
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.
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.
To learn more about our IOR and EOR services, feel free to contact us.
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