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  • Carrier Liability

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    Dhaval Mistry
    48 vizualizări7 pagini
    This document summarizes carrier liability and compares it to cargo insurance. It defines carrier liability as the limited liability coverage that comes with all freight shipments from a carrier. This coverage varies depending on commodity type and class but typically only covers up to a certain dollar amount per pound of freight, which may be less than the actual value of goods. Cargo insurance can be purchased for additional coverage and protects customers from lost or damaged freight during transport, typically based on the value of goods. Unlike carrier liability, cargo insurance does not require proving the carrier was at fault for damage or loss.

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    This document summarizes carrier liability and compares it to cargo insurance. It defines carrier liability as the limited liability coverage that comes with all freight shipments from a carrier. This coverage varies depending on commodity type and class but typically only covers up to a certain dollar amount per pound of freight, which may be less than the actual value of goods. Cargo insurance can be purchased for additional coverage and protects customers from lost or damaged freight during transport, typically based on the value of goods. Unlike carrier liability, cargo insurance does not require proving the carrier was at fault for damage or loss.

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    © All Rights Reserved
    Descărcați ca PPTX, PDF, TXT sau citiți online pe Scribd
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    48 vizualizări7 pagini

    Carrier Liability

    Încărcat de

    Dhaval Mistry
    This document summarizes carrier liability and compares it to cargo insurance. It defines carrier liability as the limited liability coverage that comes with all freight shipments from a carrier. This coverage varies depending on commodity type and class but typically only covers up to a certain dollar amount per pound of freight, which may be less than the actual value of goods. Cargo insurance can be purchased for additional coverage and protects customers from lost or damaged freight during transport, typically based on the value of goods. Unlike carrier liability, cargo insurance does not require proving the carrier was at fault for damage or loss.

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    © All Rights Reserved
    Descărcați ca PPTX, PDF, TXT sau citiți online pe Scribd
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    din 7

    DEPARTMENT OF BUSINESS &

    INDUSTRIAL MANAGEMENT

    • TOPIC -- CARRIER’S LIABILITY


    • Presented by : Dhaval Mistry.
    • Presented to : Dr. Vinod Patel.
    • Subject : Sales & Supply
    chain management.
    SECTION –A
    What is CARRIER LIABILITY?
    • A common carrier is liable for all shipment
    loss, damage, and delay with the exception of
    that caused by act of God, act of a public
    enemy, act of a public authority, act of the
    shipper, and the goods’ inherent nature.
    SCOPE

     Damage to cargo directly caused by fire, explosion or accident to the


    carrying vehicle.
     Carrier's liability for cargo.
     Cargo salvage, transhipment, emergency storage costs.
     Financial loss due to the lost freight in respect of the damaged part of the
    cargo.
     Legal and other costs, incurred in the litigation against the claimants.
     Costs of average adjusters.
     Breakage due to improper handling
     Flood or water damage or damage by other cargo
    Carrier Liability Vs. Cargo Insurance-
    What’s the Difference?

    • Carrier liability and cargo insurance are often thought


    to be the same thing. Although they both involve
    certain coverage of freight, they have some key
    differences that are important to understand.
    • Damaged and lost items are unfortunately a common
    problem when shipping freight. Because of this, it is
    crucial to know how to get the best coverage on all of
    your shipments.
    • Here are some of the key differences between carrier
    liability and cargo insurance:
    CARRIER LIABILITY CARGO INSURANCE
    • All freight shipments come with
    • Cargo insurance, also known as
    “limited liability coverage.” This freight insurance or goods-in-transit
    coverage is determined by the carrier insurance, is a great way to protect
    and varies depending on the commodity customers from lost or damaged
    type or freight class of the goods being freight while it is being transported.
    shipped. For the most part, carrier • This insurance is an additional
    liability covers up to a certain dollar charge that is typically based off of
    amount per pound of freight. the value of the goods being
    • It is not uncommon to find that the shipped.
    included liability coverage is less than • As previously mentioned, carrier
    the actual value of the goods being liability may only cover a certain
    shipped. Also, if the freight is used and
    dollar amount per pound of freight.
    When your freight has a higher
    not directly from the manufacturer, the value than what is covered by
    liability coverage will be significantly liability, cargo insurance may be
    less than it would be for new very beneficial to you in order to
    goods. Furthermore, carrier liability has better protect yourself from lost or
    limitations in certain instances when the damaged cargo. Another benefit of
    damage is due to an act of God (weather purchasing cargo insurance is that
    related), or act of the shipper (improper you do not need to prove the carrier
    packaging or loading). In these two was at fault for the lost or damaged
    items, only that the damage or loss
    cases, the carrier cannot be at fault actually occurred.
    THANK YOU.

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