Coverage insures the risks of goods in transit generally over water and/or across national boundaries. When the cargo is financed or may change ownership in transit or loss may be payable to a third party, certificates of insurance are required.
Often cargo insurance is arranged by a freight forwarder. High volume shippers may arrange to buy cargo insurance separately. Foreign Packages sometimes can provide cargo insurance when certificates are not required or the insured wants to buy insurance separate from that provided by another party.
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