INSURANCE PROGRAM

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Cargo&Carriers in-house Insurance Programme offers very cost-effective opportunities to its members under the Cargo&Carriers Trust Fund Agreement. The Insurance Programme saves thousands of dollars in insurance premiums to the Cargo&Carriers members. It covers the freight-loss of members due to Bankruptcy of another Cargo&Carriers member. In case of non-payment of freight by a Cargo&Carriers member to another Cargo&Carriers member, the Insurance Programme guarantees the payment of unsettled invoices.

The Cargo&Carriers Trust Fund is a financial protection programme for all members and it is compulsory. The primary purpose of the Fund is to indemnify Cargo&Carriers members against the bankruptcy and non-payment of freight by another Cargo&Carriers member firm.