Since I only ship Free on Board (FOB), do I really need insurance?
As a shipper you still may have risk with respect to FOB shipments, including ensuring there is clarity around where the risk transfer point is, as well as what your customer’s expectations may be. It may still be beneficial to consider coverage even for FOB shipments.
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FAQ connexes
What does “CIF+10%” mean? Is a valued inventory list required? What is a General Average? I’ve shipped hundreds of times and never had a loss. Why would I want to insure? What do I do when I discover a loss or damage to a shipment? What is an 'All Risks' Policy (‘A’ Clauses)? How should an insured act in the event of a claim for loss or damage? What happens if I under-value a shipment for insurance purposes? I only import Cost Insurance and Freight (CIF). Why would I need added insurance? I already have my own policy. Isn’t that enough? What is the difference between inland transit insurance and ocean cargo insurance? What are the chances that anything will happen to my goods?Nouveau sur Maersk.com ?
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