cargo insurance
Insurance that pays the beneficiary of the policy if freight covered by the policy is damaged or lost during transit.
Category: Accidents & Injuries
Category: Small Claims Court & Lawsuits

Nolo’s Plain-English Law Dictionary. . 2009.

Look at other dictionaries:

  • cargo insurance — An insurance covering cargoes carried by ships, aircraft, or other forms of transport. On a free on board (FOB) contract the responsibility for insuring the goods for the voyage rests with the buyer. The seller s responsibility ends once the… …   Big dictionary of business and management

  • Air Cargo Insurance — A type of insurance policy that protects a buyer or seller of goods being transported through the air. Air cargo insurance is designed to protect the insured against items damaged, destroyed or lost. Cargo insurance is offered through insurance… …   Investment dictionary

  • marine cargo insurance — insurance covering loss or damage to goods in transit. Bloomberg Financial Dictionary …   Financial and business terms

  • motor cargo insurance — noun : insurance against loss resulting from damage to goods in transit by motor truck …   Useful english dictionary

  • insurance — in·sur·ance /in shu̇r əns, in ˌshu̇r / n 1: the action, process, or means of insuring or the state of being insured usu. against loss or damage by a contingent event (as death, fire, accident, or sickness) 2 a: the business of insuring persons or …   Law dictionary

  • insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… …   Universalium

  • Insurance — This article is about risk management. For Insurance (blackjack), see Blackjack. For Insurance run (baseball), see Insurance run. In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a… …   Wikipedia

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

  • Cargo — (or freight) refers to goods or produce transported, generally for commercial gain, by ship, aircraft, train, van or truck. In modern times, containers are used in most intermodal long haul cargo transport. Marine Cargo Types There is a wide… …   Wikipedia

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