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Buying and Selling is a part of Business and considering if you are into imports or exports, then your company’s money is at risk every time you ship cargo. It’s unforeseen that many businesses don’t protect this investment with cargo insurance, sometimes thinking the distance of transit is less. Whatever may be the circumstances, the fact is that ANYTHING can happen to your cargo while it is in transit including being damaged or stolen. Most damages to cargo occur en route to and from ports, but there's also: Ships sink Theft Storms Water damage Shifting Cartons torn and/or crushed Also, the carrier is not 100% obligated to pay for losses beyond their control unless it is: Act of God Latent defects in the ship’s hull or machinery Un-seaworthiness of vessel Criminal acts or negligence by captain or crew Perils, danger, and accidents at sea Fire Theft Cargo Insurance provides coverage against all risks of physical loss or damage to the cargo during the shipment from any external cause during shipping, whether by land, sea or air. Also, known as Freight Insurance , it covers transits carried out in the water, air, road, rail, registered post parcel, and courier. To brief the benefits of Cargo Insurance, summarized as: Decrease the uncertainty of financial loss. General Average – Expedite the release of your cargo. Contractual Requirement Coverage for partial carrier liability Control over insuring terms Now it’s your decision to decide whether you need Cargo Insurance for your shipment. Source: https://www.flexport.com https://shippingandfreightresource.com