CargoInsurance
DB Schenker
DB Schenker’s Cargo Insurance covers your shipped goods for theft, loss or damage while under the care, custody or control of the carrier. Our Cargo Insurance with global insurers like AIG and AXA XL is an all risk insurance generally based on the terms and conditions of “ICC (A)” and/ or the “DTV-Güter 2000/2011”, althoughproviding broader cover.

What is insured?

What is not insured?

Our Cargo Insurance provides cover on an all-risksbasis for various types of goods and different
means of transport. Generally speaking, every riskthat is not specifically excluded is insured, even if
not caused by the liability of the carrier. Some
examples of risks that can be insured:

Like in every insurance policy, certain risks and circumstances are excluded from cover. For example:– Loss of or damage to goods during loading ontoor unloading from a means of transport, or duringtransshipment to or from a means of transport;– Fire, lightning, explosion, earth- and seaquakes,
volcanic eruptions and other natural disasters;– Theft, breakage, leakage, scuffing or moisture;– Even political risks like war, strike or confiscation
can be included sometimes.

– Improper and inadequate packaging or incorrect
storage insofar as the Insured acted willfully or withgross negligence;– Inherent vice or nature of the goods.

Where am I covered?
Our insurance cover is valid anywherein the world for all transport modes(sanctions apply).

When does my cover begin?

Do I have any obligations?

Insurance cover is provided from warehouse to warehouse and starts the moment the goods are removed
from the place of storage for immediate transport.

Yes, as for all insurance covers, some obligations
need to be met. Most importantly, the premium
needs to be paid upon conclusion of the cover andshipments need to be notified prior to the commencement of the risk.

How can I get DB Schenker’s Cargo Insurance cover?
– Either reach out to your known Schenker contact personally, via phone or via
email, or– order online via Schenker’s homepage (not yet available in all countries) and– provide us with the destination, type and values of the goods.

Do you have other helpful information?

Is the carrier not liable?

– By insuring your shipment with our Cargo Insurance, the claims handling and claims compensation
time will be reduced signficantly due to our simplified processes;– We are generally able to process insured claims
within a month after notification depending on thedetails and provided claims information;– On the other hand, a claim for an uninsured shipment can easily take more than three months to becompensated, e.g. because the liability needs to beclarified;– Premium payment is considered made in good time
if effected upon receipt of the invoice;– For seafreight: general average down payments arealso included.

If a carrier is found responsible for the loss or damage, he will be held accountable in accordance withthe standard terms and conditions. These are referring to local legislation and international conventions
like CMR, Hague–Visby Rules or Montreal Convention,
depending on the mode of transport and agreements
between the freight forwarder and the shipper. Basedon the conventions and/ or agreements a limitation ofliability will be applied which could result in the customer only getting compensated partly. If the carrier
is not found liable, he might even be exempted fromthe liability completely.
Buying Cargo Insurance with Schenker would safeguard full compensation while only paying a fractionof the actual value of the goods.

Why should I choose Schenker?
One stop shop
Obtain freight and insurance at the same place andat the same time on one invoice.

Zero deductible
Compensation from EUR 0 based on the value of theinsured goods. Local exceptions might apply.

Competitive premiums
Benefit from Schenker’s economy of scale.

All-Risks
Full Value compensation based on all-risks cover.

Top ranked insurer
We collaborate with top ranked global insurance
providers, like AIG or AXA XL.

Know-how
Benefit from our know-how as one of the world’s
leading logistics solutions providers.

Efficient claims handling
Swift and efficient claims handling with global reach.

Synergy effects
Globally aligned wordings considering local peculiarities.

Important Notice
Please, note that this guide is meant to provide you with a general overview of the Cargo Insurance sold by DBSchenker. This guide does not aim to substitute policies, wordings, or national and international transport conditions. For more detailed information, please visit our webpage, reach out to your known DB Schenker contact
or as mentioned below.

Please, visit our homepage if
you need more information:
Contact:

Your known DB Schenker contact if you are interested.

https://www.dbschenker.com

Or visit our LinkedIn for more insights on DB Schenker:

https://www.linkedin.com/company/dbschenker/