Insurances and guarantees

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Upon transporting of the customer’s goods, all transport companies take responsibility to deliver the goods from the consignor to the consignee intact and without losses. But it is important to keep in mind that both the liabilities of the carrier and the forwarder are limited. For the road transport, the upper limit of the carrier’s liability by the CMR Convention is 8,33 SDR per one brut kg of the goods. SDR (Special Drawing Rights) is an official monetary unit of International Monetary Fund (IMF) and its exchange rate is usually stated together with the other currency exchange rates according to the daily fixings of the Bank of Estonia. At the moment (26.02.2006) 1 SDR equals ca 1,14 EUR (18 EEK). If your cargo is light but valuable, extra cargo insurance which entirely covers the value of the goods would be reasonable to consider. More information and good advice from the experts of this field in Estonia can be found at www.cmr.ee.