It is a type of insurance that guarantees losses and damages that may occur during the transportation of goods with commercial value by means a transport vehicle.
Full Loss: Provides coverage against the risk of complete damage to the goods along with the carrier, so as to cause a total loss of its value.
Limited Coverage: The type of coverage providing assurance against partial risks such as the accidents the carrier vehicle may incur (running aground, capsizing, conflict, overturning, derailment, etc.), fire, and explosions, in addition to the risk of full loss of the goods.