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Insurance With Average-Clause

shipping container at sea
Definition

Insurance with Average-Clause refers to an insurance policy provision that covers losses or damages incurred during the transportation of goods, including partial losses or damages, based on the principle of general average, which allocates costs and liabilities among the involved parties proportionally, providing financial protection and compensation in case of unforeseen events or accidents.

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Insurance With Average-Clause

Definition

Insurance with Average-Clause refers to an insurance policy provision that covers losses or damages incurred during the transportation of goods, including partial losses or damages, based on the principle of general average, which allocates costs and liabilities among the involved parties proportionally, providing financial protection and compensation in case of unforeseen events or accidents.

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Our experts love to answer questions. Fill out the form and someone will contact you soon.

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Oops! Something went wrong while submitting the form.

Get the Most Advanced Visibility Into the Journey of Your Ocean and Rail Containers

Talk to one of our supply chain experts to get started now.
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Shipping container at seaShipping container at sea