Insurance

Your cargo is very important to us and we do everything we can to transport your goods from point A to point B intact, without losses and on time. Our experience in logistics field since the beginning of 1998 and more than 2000 happy customers assure that. Read our customers’ testimonials.

However, transporting goods across countries is never 100% risk free. Therefore we have insured the liability. Arco Transport AS has a Freight Forwarder’s Liability Insurance with Vagner. Moreover, verification of the CMR insurance existence is the primary basis of our co-operation with a new carrier. That means your goods are safely insured.

Nevertheless, it is necessary to keep in mind that the insurance liability of the carrier is limited, and it depends on the weight and on the mode of transport:

  • In road transport, carrier’s liability is limited to max 8.33 SDR per gross kg of goods
  • In maritime transport, carrier’s liability is limited only to max SDR per gross kg of goods or 666.67 SDR per unit (e.g. container), whichever is the higher.

The maximum amount of the liability is determined in SDR. SDR (Special Drawing Rights) is the calculation unit of the IMF and the exchange rate of SDR towards the Euro is fluctuating. You can calculate the exchange rate here: http://coinmill.com/EUR_SDR.html#SDR=8.33.

The carrier’s insurance covers therefore often only a small part of the potential loss or damage. Thereby additional freight insurance is recommended, especially in case of valuable and/ or light weight goods. Conditions of the additional insurance depend on the description and value of the goods.

If you would like to arrange additional insurance for your transportation orders through Arco Transport then please speak with your designated account manager or freight forwarder.