# International Cargo Insurance

*Last updated: 2026-06-25*

> A consignment of medical devices leaves Shanghai by air – at the transit hub, one parcel is damaged and another goes missing.

A consignment of medical devices leaves Shanghai by air – at the transit hub, one parcel is damaged and another goes missing. International cargo insurance is designed for exactly these situations: it covers loss, damage, and theft of goods during cross-border transport, regardless of whether the shipment moves by sea, air, road, or rail. The policy is typically taken out by the exporter, importer, or freight forwarder, and is frequently mandatory under letter-of-credit terms. Coverage options range from All Risks to basic named-perils policies; the scope chosen determines both the premium and the insurer's liability ceiling. Crucially, cargo insurance is distinct from the carrier's statutory liability under international conventions such as the CMR or Hague Rules, which are subject to strict monetary caps and often leave a significant gap in coverage for high-value goods.

**Source:** [https://www.iata.org/en/programs/cargo/insurance/](https://www.iata.org/en/programs/cargo/insurance/)

## Quick Facts

| Property | Value |
|---|---|
| Term | International Cargo Insurance |
| Language | EN |
| Word count | 134 |
| Last updated | 2026-06-25 |
| Source | https://www.iata.org/en/programs/cargo/insurance/ |

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