Your goods are ‘protected’ on their way to you if Win2Trade delivers them.
Transporting windows and doors from the factory to their destination is, like any transport, subject to risk.
Win2Trade is also committed to safety during delivery, which is why it has a special CARGO insurance policy. This means that in the event of any damage, loss or damage to GOODS during transport, the insurer covers some or all of the financial losses resulting from these events. Cargo insurance protects a company against the financial risks associated with loss or damage to goods during transport and is an important safeguard for commercial operations. A customer who uses a delivery organised by Win2Trade can feel secure.
Cargo insurance and public liability insurance (commonly referred to as carrier insurance) are two separate forms of insurance that offer different types of protection in the event of transport damage.
Carrier’s liability insurance (public liability insurance) is compulsory for carriers and protects them against third-party claims in the event of accidents or damage caused in the course of transport. The carrier’s liability policy covers damage caused to property or third parties, such as financial loss, damage to property or personal injury. This insurance does not directly cover loss or damage to the goods being transported and its main purpose is to protect the carrier against third-party liability. It can take a long time to obtain compensation payments.
Cargo insurance, on the other hand, is purchased by Win2Trade, the owner of the goods, and is designed to protect the goods being transported against damage, loss or injury during transport. The cargo policy covers losses resulting from road accidents, shipwrecks as well as other situations such as theft or flooding of the cargo. Cargo insurance protects the interests of the owner of the goods and enables him to recover some or all of the value of the goods in the event of damage.
In summary, CARGO insurance protects the GOODS against damage and loss in transit, while insurance under a carrier’s third-party liability policy protects the carrier against liability for damage caused to third parties in the course of carriage. Both types of insurance are important to safeguard interests in transport, but offer different forms of protection.
If you organise the transport yourself, Win2Trade’s liability ends when the goods are loaded onto the first carrier’s transport (delivery under the terms of EXW Bialystok, or FCA Bialystok, Incoterms 2020). If delivery to you is arranged by Win2Trade, then your goods are covered by cargo insurance (delivery on the terms of CPT … “place of delivery”, Incoterms 2020). What the formulas described and Incoterms 2020 mean, read in the entry.
You can ask your company’s custodian to produce an up-to-date cargo policy at any time.
