Why isn’t carrier liability enough?
Liability is limited by law and standard terms, for example:
- Air: 26 SDR per kg under the Montreal Convention
- Road: 8.33 SDR per kg under the CMR Convention
- Sea: 2 SDR per kg or 666.67 SDR per package under the Hague-Visby Rules
- Forwarder: under the Nordic NSAB 2015 terms
SDR (special drawing right) is an IMF unit, worth a little over one euro. For light, valuable goods these limits cover only a fraction of the value.
What does cargo insurance cover and cost?
Cover is usually “all risks” based on the Institute Cargo Clauses (A), with standard exclusions such as poor packing. The premium is a percentage of the insured value and depends on the goods, the route and the insurer; we quote it for each shipment.
Updated 12 October 2026