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Training · Logistics

Cargo insurance in the supply chain: cover, exclusions and claims

Ley 50/1980, the Spanish Insurance Contract Act, allows seven days to notify the insurer of a loss unless the policy sets a longer period. The course works through the Institute Cargo Clauses 2009 in forms A, B and C, the ICC (Air) form, and how cover meets the carrier's liability limit.

Duration: From 2 hours Format: Online or in-person All training courses →

What the course covers

The course separates two layers that are routinely conflated: cargo insurance, which covers the value of the goods for their owner, and the carrier's liability, capped by the regime governing each mode. The first is governed by Ley 50/1980 de Contrato de Seguro (Insurance Contract Act), whose article 16 requires notice of a loss within seven days of becoming aware of it, unless the policy allows longer.

The Institute Cargo Clauses 2009 are studied in all three forms. Form A covers all risks save those excluded; forms B and C list the risks covered and narrow the scope in stages. Standard exclusions are worked through: insufficient packing, inherent vice, delay, insolvency of the carrier and unseaworthiness. For air carriage the course covers the ICC (Air) form, whose clause 6.1.4 allows 30 days from discharge.

One block sets out the carrier's limits and their conversion, taking the SDR at EUR 1.182 per IMF data of 8 September 2026: CMR, 8.33 SDR/kg, around EUR 9.85/kg; the Hague-Visby Rules, 666.67 SDR per package or 2 SDR/kg, around EUR 788 or EUR 2.36/kg; the Montreal Convention, 26 SDR/kg since 28 December 2024, around EUR 30.73/kg; and article 57 LCTTM, one third of the daily IPREM per kilogram, EUR 6.67/kg. The closing block addresses the insurer's subrogation and recourse against the carrier.

Who it is for

Logistics and transport procurement managers, administrative staff who notify losses, insurance intermediaries and brokers with transport portfolios, claims handlers and in-house counsel.

No prior legal training is required. Sessions work on actual policies and clause sets, calculating indemnities on worked facts.

Why it matters

The gap between the value of the goods and the carrier's statutory limit is the figure that insurance either covers or leaves exposed. On an air consignment of light, high-value cargo, the 26 SDR/kg limit leaves a substantial part of the declared value outside recovery from the carrier.

Notice periods are short and differ by policy and by mode. A loss notified late, or documented without the support the clause set requires, enters the handling process on weaker footing. The survey report and the claim letter sent to the carrier both form part of that support.

Programme

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