{"@context":"https://schema.org","@type":"DefinedTerm","name":"Cargo Liability Insurance","description":"Freight forwarders, carriers, and transport operators take out cargo liability insurance to protect themselves against compensation claims when goods are lost or damaged in transit. The policy covers the carrier's statutory liability towards the shipper or consignee – what the carrier legally owes under applicable law, which is not necessarily the full commercial value of the goods. This sets it clearly apart from the shipper's own cargo insurance, which indemnifies the actual goods value regard","inDefinedTermSet":{"@type":"DefinedTermSet","name":"Frachtportal Logistics Glossary","url":"https://www.freight-academy.com/en/glossary"},"url":"https://www.freight-academy.com/en/glossary/cargo-liability-insurance","inLanguage":"en","dateModified":"2026-06-16T09:40:55.033007","citation":"https://www.irmi.com/term/transportation/glossary/cargo-liability-insurance","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/cargo-liability-insurance","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"Cargo Liability Insurance · Freight forwarders, carriers, and transport operators take out cargo liability insurance to protect themselves against compensation claims when goods are lost or damaged in transit. · Quelle: https://www.irmi.com/term/transportation/glossary/cargo-liability-insurance"}