The inherent financial risks associated with international shipping can be minimized by purchasing cargo insurance. As outlined in the Warsaw Act and the Carriage of Goods by Sea Act (COGSA), the limits of liability for air and ocean carriers will not likely cover the value of your goods. Additionally, when the general average is declared aboard an ocean vessel, all shippers must pay a pro-rated amount for lost cargo or damage to the vessel. An All Risk Insurance Policy can help mitigate these financial risks.
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