International Cargo Transportation Insurance
International cargo transportation insurance is insurance that takes various goods in the process of foreign trade cargo transportation as the subject of insurance. Foreign trade cargo can be transported by sea, land, air, and postal delivery, among other methods. International cargo transportation insurance is an important part of international trade; it not only provides protection for goods in transit but also generates foreign exchange income from invisible trade for the country. International cargo transportation insurance mainly includes international marine cargo transportation insurance, international railway cargo transportation insurance, international road cargo transportation insurance, international air cargo transportation insurance, and parcel post insurance. Among them, marine cargo transportation insurance has the longest history, the largest business volume, and the most comprehensive legal regulations.
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Parcel value insurance covers parcels transported worldwide, but limitation clauses apply in certain circumstances, including but not limited to: political events, terrorist activities, nuclear weapons and threats of war, or orders from government agencies. This insurance does not cover losses caused by the following situations:
Parcel value insurance does not apply to import, export, domestic transportation, or warehousing services in the following countries:
In Iraq or Afghanistan, parcel value insurance may cover the international transport portion after international express cargo is loaded onto the export flight or before it is unloaded from the import flight, but it does not automatically cover domestic inland transport within Iraq and/or Afghanistan. Whether domestic inland transport in Afghanistan and Iraq is covered depends on individual cases; if inland transport coverage is desired, please contact the customer service department in your region to discuss with our risk management team and reach a written agreement before delivery.
If you wish to make a claim, you should notify SINO-PAK Logistics as soon as possible, and in any case no later than 30 calendar days from the date we accepted the parcel.