This policy covers goods, freight and other interests against loss or damage to goods whilst being transported by rail, road, sea and/or air.
- Different policies are available depending on the type of coverage required ranging from an ALL RISK cover to a restricted FIRE RISK ONLY cover.
- This policy is freely assignable and is basically an agreed value policy.
- The coverage would be in concurrence with INCO terms. http://www.panlloyd.com/incoterms.htm
Transportation of goods can be broadly classified into three categories:
- Inland Transport