How Much Will Shipping Lines Pay if Your Cargo is Lost or Damaged?

Shipping lines’ liability is governed by international conventions such as the Hague–Visby Rules. Compensation is not based on the actual value of your goods, but on weight or package limits—whichever is lower.

For sea freight, the maximum liability is typically:

This means that even for high-value shipments, the compensation received from the carrier will only cover a small portion of your loss.

Cargo insurance, on the other hand, covers the full declared value of your goods, subject to a small deductible—ensuring complete financial protection.

With CIO | Cargo Insure Online, you can insure your shipments instantly and avoid major financial exposure caused by limited carrier liability.