Goods in Transit Insurance covers goods against loss or damage while in your vehicle or when sent by a third party carrier such as importers/ exporters by road, rail, sea and air. The sum insured may be a limit for each package, each vehicle or any one consignment.
[Goods in transit refers to merchandise and other types of inventory that have left the shipping dock of the seller, but not yet reached the receiving dock of the buyer. The concept is used to indicate whether the buyer or seller of goods has taken possession, and who is paying for transport.]
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