U.S. Customs License #2843FMC License #1567
U.S. Customs License #2843
FMC License #1567
Importers and exporters who rely on suppliers and customers to furnish cargo insurance, or on their carriers to take responsibility for losses, may be in for a big surprise.
Without cargo insurance, the carrier’s liability is limited by law. Compensation is considerably lower than the actual costs because it does not give any consideration to the true value of the contents.
We make every effort to oversee the safe movement of cargo, but there is always potential for loss or damage due to the perils of extreme weather, rough handling, theft and many other unforeseen occurrences. We strongly recommend protecting cargo by adding cargo insurance.
By taking control of the insurance arrangements, Page & Jones can ensure that our clients are fully covered, with adequate terms, valuation, and limits. If there is a claim, our clients can take comfort in knowing they are working with a U.S. insurance company rather than an overseas provider.
Regardless of the value of the contents, this is all the carriers will pay if there is no cargo insurance:
A marine insurance policy is written to include not only goods shipped via ocean, but also goods shipped via air, truck, rail or other conveyance — including a combination of those modes through which domestic and international transit occurs, as well as warehouse receiving. This can be door-to-door coverage.
If you are importing merchandise for commercial purposes into the United States, valued over $2,500, or a commodity subject to requirements by other federal agencies (e.g. FDA), you must post a Customs bond.
Types of bonds that might be necessary for your business are:
Send us the commodity, value, and routing.
