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Who arranges Cargo Insurance?

April 26, 2017arranges cargo Insurance

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Who arranges Cargo Insurance?

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For Ex-works or FOB contacts we recommend that All Risks Marine Insurance should to be arranged by the buyer to cover the full value of the goods including carriage from the manufacturer to final destination at the buyers warehouse. The Insurance included in normal CIF contracts may be limited to the ocean freight costs and not cover the value of the goods so again a full All Risks policy is recommended .