Supply Chain Management by Sople Vinod V

Author:Sople, Vinod V.
Language: eng
Format: epub
Published: 2014-08-04T18:01:25.415000+00:00

Insurance

Transit insurance covers property against loss or damage during its movement from one place to another. Insurance can be done for the goods transported in own vehicle or public transporter. The transport insurance policy indicates the type of transport being used for goods movement. For example, goods movement by sea transport is covered under marine insurance.

Cover Goods-in-transit policy will protect the insurer from:

Theft during transit

Loss of goods (physical) during transit

Damage caused due to vehicle accidents

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