From 2008 to 2016, 1,582 containers were lost at sea due to various risks, with cargo insurance covering losses during transit. The insurance provides all-risk coverage, claims support, and flexibility in options, while liability exclusions exist for certain conditions. It is recommended to protect freight with cargo insurance to transfer risks, expedite recovery, and ensure affordability compared to shipping risks.

1. Average number per year from 2008 to 20161
1,582 containers were lost at sea
Not
Why C.H. Robinson?
□□ All-risk coverage covers all your standard commodities
against financial exposure, plus physical loss or damage
while goods are in transit.
□□ Simplified service—book your insurance when you
book your shipment.
□□ Claims support for any kind of transportation claim.
□□ Deductible options, affordable rates. Coverage is
flexible and structured based on continuous risk and rate
(in most cases, even with no deductible).
□□ Personalised solutions that fit your specific transport
portfolio.
AIR FREIGHT OCEAN FREIGHT
Carriers are not liable if damage
was caused by:
□□ An inherent defect, quality or
vice of the cargo
□□ Defective or insufficient packing
of the cargo
□□ An act of war or armed conflict
□□ An act of a public authority
carried out in connection with
the entry, exit or transit of the
cargo
Carriers are not liable for loss
or damage to cargo that arises
from one of the 17 stated liability
exclusions.
Air carriers held legally liable for
damage pay
If the ocean carrier is proven
legally liable, their liability
amounts to
THE VALUE OF THE GOODS 666.67 SDRs PER PACKAGE
or or
19 SDRs3
/KILOGRAM 2 SDRs PER KILOGRAM4
whichever is less to or from the United States—
USD 500.00 per package or per
customary freight unit—
whichever is less.
64% of containers were lost due to
catastrophic event2
risks or damages are covered by
carrier liability
TOP REASONS TO BUY
CARGO INSURANCE
(1,012 containers)
ALL
Why protect your freight with cargo insurance?
□□ Transfer risk to a third party and cover the total value of your goods.
□□ Legal liability no longer must be proven.
□□ If General Average is declared, the insurer will provide the required deposit
to recover your goods—no waiting required.
□□ Affordable coverage, compared to the risks of international shipping.
EN-UK © 2018. C.H. Robinson Worldwide, Inc. All rights reserved. www.chrobinson.com
The information in this infographic has been compiled with the greatest
possible care, however, no rights whatsoever can be derived from its
contents. C.H. Robinson does not guarantee, warrant or represent the
accuracy or completeness or fitness for a particular purpose of the
information contained herein.
end notes
1. http://www.worldshipping.org/news/articles/2017/07/10/containers-lost-at-sea-2017-update.
2. Ibid.
3. SDR, or Special Drawing Rights, means a basket of currencies designed to iron out currency
exchange fluctuations in International valuations, now used to express the limitation under
the Hague-Visby Rules and the MSA Limitation Convention.
4. Where the Hague Rules or Hague Visby applies, 2 SDRs per kilogram of gross weight or
666.67 SDRs per package or customary freight unit, or the value of the damaged/lost cargo,
whichever is less. Where COGSA applies, liability shall not exceed US $500 per package or
customary shipping unit, or the value of the damaged/lost cargo, whichever is less.