CARGO INSURANCE

Unless specifically requested otherwise, ALL the merchandise handled by our structure travels under insurance stipulated according to the international conventions indicated below. Reimbursement in the case of theft, damage, spoilage or loss is regulated by various conventions, depending on the type of transport being made.

Air transport

Regulated by the Warsaw Convention (and by the subsequent protocols of modification), plus a series of regulations prepared by the IATA (International Air Transport Association), and which, in order to be applicable and binding, must be specifically referred to in the transport document.

AWB (air waybill)
A non-negotiable document: the subject indicated therein as the recipient does not have to present the document to receive the cargo from the shipper.

HAWB (house air waybill)
The document issued by the consolidator (the shipper-carrier that collects and groups together small lots of cargo received from a variety of senders for shipment to a single airport of destination), which presents the same characteristics as the AWB. The consolidator issues an HAWB or house for each shipment included in the consolidation.

Warsaw Convention for the unification of a number of regulations regarding international air transport of 12 October 1929 - Law no. 841 of 19 June 1832 – Legislative Gazette no. 171 of 26 July 1932 (www.fog.it/convenzioni/italiano/varsavia-l'aja.htm)

Roadway transport

Regulated by the CMR Convention of Geneva, modified with a subsequent protocol.

Roadway vehicle letter
A document that does not represent the merchandise described therein, but whose issue in the name of a given subject is obligatory.

Convention (C.M.R.) signed in Geneva on 19 My 1956 and enacted in Italy with Law no. 1621 of 6 December 1960. (www.fog.it/convenzioni/italiano/cmr-1956-1978.htm)
The conventions utilise as the parameter for the assessment of the reimbursement the DSP.

DSP (SPECIAL PAYMENT RIGHT)
The international conventions on transport stipulate that the carrier is required to reimburse the full value of the damaged (or lost or spoiled) cargo only in the event of malice aforethought or grave negligence, while limits are placed on the reimbursement of damages resulting from ordinary negligence.
In the case of ordinary negligence, the reimbursement is based on the weight of the damaged cargo and not on its intrinsic value: for each gross kg of cargo lost or spoiled, the carrier owes xxx DSP.
The DSP is a conventional unit whose value, tied to the price quotation for gold and unaffected by currency fluctuations, is listed daily in the financial newspaper Sole 24 Ore, on the capital market page, in the feature on real indexes.

These are the parameters for the calculation of the reimbursement:
Brussels Convention (transport by sea):
2 dsp per gross kg or 666.67 dsp per unit of cargo (whichever is most favourable to the claimant);
Warsaw Convention (air transport):
17 dsp per gross kg
CMR Convention (roadway transport):
8.33 dsp per gross kg
Cotif/CIM Convention (railway transport):
16,66 dsp per gross kg