Freight Forwarders Liability

General Insurance

Freight Forwarders Liability

Many traders use freight forwarding companies. As well as transporting goods to and from specified locations, freight-forwarding includes booking the movement of goods, storage and customs clearance activity. Freight forwarders, by applying their Standard Trading Conditions (STC), usually have limited liability for any claim for loss or damage to goods while in their care. When other parties (such as shipping lines, airlines or truck operators) are entrusted to complete all or part of the transportation movement and where a combined transport waybill or bill of lading is used, the exporter agrees in turn to accept these operators’ STC, which override those set by the freight forwarder.

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