Bill of Lading Insurance

Insurance coverage for claims for compensation against the carrier based on his liability under the Bill of Lading transport document.

Bill of Lading Insurance General

The subject of the insurance is the liability of the carrier under the BILL OF LADING used by the carrier, such as the FIATA COMBINED TRANSPORT BILL OF LADING. The insurance cover extends to the satisfaction of justified and the defense against unfounded claims for compensation brought against the forwarder on the basis of his liability under the BL.

In what forms can the bill of lading exist?

The liability risk is specifically insured depending on the type of Bill of Landing.

How is the insurance coverage regulated?

The insurance cover extends to the satisfaction of justified claims for compensation and to the defense against unfounded claims for compensation. Insofar as these are levied against the forwarder – on the basis of the forwarder’s liability – in accordance with the Bill of Lading.

Why does the logistics industry recommend purchasing Bill of Lading insurance?

Comprehensive coverage of the case-specific liability situation for sea freight documents

Security of a solvent insurer in the event of a claim

Reliable coverage of the liability risk that cannot be estimated

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