OCP is carrier liability insurance, which works when the carrier is liable for damage, within the limits set by transport law. CARGO insures the goods themselves, regardless of carrier fault, up to the value of the load. These are two different protections. At OTSL we have OCP for 1 million EUR and offer CARGO for high-value goods.
How OCP differs from CARGO
- OCP protects against carrier liability and works when the carrier is liable for the damage.
- CARGO protects the goods regardless of who was at fault, up to the sum insured.
- Carrier liability is limited by law, so OCP will not always cover the full value of an expensive load.
| Scope | Carrier liability (OCP) | CARGO insurance |
|---|---|---|
| What it insures | The carrier liability | The goods themselves |
| When it applies | When the carrier is liable for the damage | Regardless of carrier fault |
| Upper limit | Statutory carriage limits, under CMR 8.33 SDR per kg | Sum insured, usually the cargo value |
| Who takes it out | The carrier | The cargo owner or the forwarder on their behalf |
| Expensive, light cargo | Limit often below the cargo value | Cover up to full value |
When CARGO is worth it
When goods are expensive but light, the CMR limit can cover only part of their value. Then CARGO really protects your interest, because it insures the goods, not just carrier liability. That is why for high-value loads we recommend CARGO as a supplement.
How we work
We hold transport and forwarding licences and OCP for 1 million EUR, and for high-value goods we arrange CARGO insurance for the duration of transport. We say plainly what each protection covers, so you decide with full awareness.
See cargo insurance, services and contact.
