Vessel operators are only responsible by law for $500 for the lost cargo. For example, let’s say you shipped a brand new BMW worth $45,000 from USA to Europe via a container service. During the transit the vessel hit some rough seas and your container got washed away. How much do you think you’re going to get from the vessel operator? Full value of the car because it’s their fault, right? Guess again… only $500. This is all the international maritime laws require.
Don’t leave your cargo unprotected. Cargo Insurance comes in different types with different exclusions and you need the proper insurance for your specific shipments. Global Auto Logistics’s friendly and professional staff will take the complications out of insuring your cargo so you can be assured that your imports and exports are covered in the event of loss or damage.