How should compensation be handled if goods are lost or damaged?_News Center Co., Ltd._Wuxi Shun Dai Logistics Co., Ltd. 
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News Center Co., Ltd.
How should compensation be handled if goods are lost or damaged?
Publish Time:2022-12-14        View Count:47        Return to List

Principles for Compensation of Insured Goods Purchases:
Freight for goods transported by truck is compensated at 2-3 times the original shipping cost for the portion lost.
2. Air cargo claims are settled at a rate of 20 yuan per kilogram for the lost portion of the shipment's weight.

Claims Principles for Valued Shipment Purchases:
Full Coverage Insurance: Claim Amount = Loss Amount (Note: Loss Amount does not necessarily equal the customer's claimed amount; indirect losses are not included in the compensation scope.)
Underinsured: Compensation Amount = Insured Value * (Loss Amount / Actual Value of Goods) - Deductible
Note: In the event of cargo damage, full insurance coverage is in place, and there will be no deductible. The loss amount does not necessarily match the customer's claim amount, and indirect losses are not included in the compensation scope.



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