Freight forwarder’s liability insurance
insurance protection for the material interest of the insured in relation to their liability for recovery of damages to natural persons or legal entities, which have occurred in the course of performance of their obligations under a contract for delivery of goods in compliance with the international conventions, the local legislation, the General Forwarding Terms (GFT) and the General Storage Terms (GST) approved by the National Association of Bulgarian Forwarders (NABF) and/or the terms and conditions of other contracts and agreements, approved by the insurer.
The forwarder’s liability shall be covered in accordance with:
- the General Forwarding Terms (GFT) and the General Storage Terms (GST) of the National Association of Bulgarian Forwarders (NABF),
- the provisions of the international transport conventions which are compulsorily applicable to international carriage by road, such as the Convention on the Contract for the International Carriage of Goods by Road (CMR);
- the regulations of the transport legislation of the respective country;
- the conditions of other contracts or agreements, approved by the insurer and stated in the policy.