Contractual liability risk in freight arises when carriers or logistics providers accept contract terms that push financial responsibility for cargo loss or damage beyond the caps set by applicable transport law.
Source: https://www.irmi.com/term/insurance-definitions/contractual-liability
Tools that match this term
You might also be interested in these terms
Weekly: Top news, industry facts and insights from the world of logistics – free.
Content reviewed and editorially cleared.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.