Insurance Policies
-
Insurance is included, by default, when you select CIF, standing for Cost Freight (and) Insurance. If you order shipping according to DAT (Delivered at Terminal) or DAP (Delivered at Place), you must inform your shipping company that the cargo must be insured.
- Find coverage
- Ask about the Policies Involved in shipment
- Total Liability Cost and More
Shipping insurance is cheap, and rarely costs more than US$50 to US$100. Normally, shipping insurance only covers the value of the cargo, in case of transportation damage. It will not cover lost sales, or product development costs.
-
FCL is also the most cost effective freight method available, if counted by cost per volumetric unit and weight unit. FCL stands for “full container load.” It means that your container is yours- you aren’t sharing the container with any other parties, and you are welcome to use it as you wish.
LCL, or Less (than) Container Load. Basically, LCL is shared container freight. Cargo from multiple buyers is stored in the same container. The freight cost per volumetric unit is higher, as the shipping companies must factor in administrative fees that are fixed on a per consignee basis.