КАРГО Archive

Cargo, or goods in transit insurance, ensures complete or incomplete coverage against various perils to a shipload, a truckload, or a trainload. It was the first type of insurance that occurred in Venetia in the 16th century and is still as important today. Depending on the perils included, a cargo policy may cover Clauses A, B, or C, according to the international Lloyd nomenclature. Additional clauses such as terrorism, nuclear explosion, and theft of the entire vehicle may be included.