GlossaryEN1 min readUpdated: Jun 25, 2026
International Cargo Insurance
A consignment of medical devices leaves Shanghai by air – at the transit hub, one parcel is damaged and another goes missing.
Quick Answer
Last updated: Published:
Source: https://www.iata.org/en/programs/cargo/insurance/
Category
Find a matching partner on this lane
Reading time
1 min
Words
134
Mentioned in
–
Definition & Explanation
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.
Next steps
Matching tools and partners
Related Terms
You might also be interested in these terms
Connect
Find a matching partner on this lane
Verified forwarders, ranked by coverage and profile — premium capped at 10%.
Logistics knowledge straight to your inbox
Free · No password · Never a paywall. Weekly top news and facts from logistics.
Community Questions & Answers
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.
No community answers yet. Be the first.