Carrier’s Liability (CMR)

The insurance covers the carrier’s liability in respect of claims for loss or damage to the goods, arising in the course of the transportation.

BULSTRAD VIENNA INSURANCE GROUP will indemnify any loss or damage to the conveyed goods up to their real value, which shall not exceed:

• 8.33 SDR (Special Drawing Rights) per kilogram of missing weight.

At the request of the client and against payment of additional premium BULSTRAD VIENNA INSURANCE GROUP offers a higher limit of carrier’s liability:

• up to USD 20 per kilogram of missing weight.

The insurance can be extended by issuing an endorsement to cover the carrier’s liability for damage to containers or container equipment, resulting from a road accident, fire or natural disasters.

BULSTRAD VIENNA INSURANCE GROUP will recover expenses incurred for:

• salvage of goods, resulting from a road accident, including for storage within 48 hours, as well as;
• expenses made for surveys by loss adjustors and issuance of the respective documents.

The insurance is taken out either on a time basis (for 1 month, 3 months, 6 months or 1 year) or a voyage basis.