All-Risk Insurance
A comprehensive insurance policy that offers full coverage for cargo loss or damage except for exclusions explicitly stated in the policy.
Definition
A comprehensive insurance policy that offers full coverage for cargo loss or damage except for exclusions explicitly stated in the policy. All-risk insurance is considered the broadest form of coverage in the freight industry providing peace of mind for shippers dealing with valuable or sensitive goods
Related Terms
Actual Gross Weight
The total weight of a shipment including the product itself packaging materials pallets and any other shipping aids.
Accessorial Fees
Additional fees charged by carriers for services beyond standard transportation.
Advanced Manifest System (AMS)
A U.S. Customs system that requires cargo data (such as shipper consignee and cargo details) to be electronically submitted prior to a vessel's arrival.
Air Cargo
Goods transported via air carriers typically for urgent shipments or high-value products.
Air Waybill (AWB)
A document issued by an airline that serves as a receipt of goods for shipment and provides details about the cargo shipper consignee and conditions of transportation.
Automated Commercial Environment (ACE)
A U.S. Customs and Border Protection (CBP) electronic system that facilitates trade and security for importers and exporters.
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