Published on:

29.01.2020

CMR Insurance

CMR insurance is a topic that concerns both the carrier and the client of the goods. That is why, in this article, we will explain its importance and how it works.

The insurance is intended for legal entities and sole traders who hold a valid license for international road transport of goods. It covers full liability in accordance with the provisions of the CMR Convention.

From the moment of loading until the moment of unloading of the goods, the carrier is fully liable for any partial or total loss or damage. The amount of compensation is calculated based on the value of the goods at the time of their acceptance by the carrier. In addition to damage, theft, or any other type of loss, the carrier is also responsible for non-compliance with the agreed delivery deadlines.

It is important to note that the carrier’s liability is limited to 8.33 SDR, or more simply, around 8–9 euros per kilogram. This means that if your goods exceed this ratio, it is advisable to obtain cargo insurance, since under the CMR Convention any compensation you claim beyond this limit will be rejected. For more information regarding cargo insurance, you can refer to the dedicated topic on it.