cargo insurance
[ˈkɑrɡoʊ ɪnˈʃʊrəns]
nounpl: cargo insurances
seguro de carga
1. Insurance coverage that protects goods and merchandise in transit against loss, damage, theft, or other specified perils during shipment by land, sea, or air
The exporting company purchased cargo insurance to protect their shipment of electronics across the Atlantic.
A empresa exportadora contratou seguro de carga para proteger seu carregamento de eletrônicos através do Atlântico.
2. A type of marine or transportation insurance that covers the liability and risk of goods while they are being transported
Cargo insurance is essential when shipping valuable items internationally.
O seguro de carga é essencial ao enviar itens valiosos internacionalmente.
In Brazil, cargo insurance is a critical component of the logistics and import-export industries. Companies operating in the São Paulo and Rio de Janeiro ports frequently use this service. The insurance is often required by banks as a condition for letters of credit in international transactions. In the USA, cargo insurance is standard practice in international commerce and is frequently required by contracts and financing agreements.
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