Logistics and transport law

• Cargo insurance: Taken out by the cargo owner and covers damage to or loss of the goods during transport.
• Freight forwarder liability insurance: Covers the freight forwarder’s professional liability in arranging carriage, storage, and customs clearance.
• Carrier’s liability insurance: Taken out by the carrier for road transport and covers the carrier’s liability for the goods within statutory and contractual limitation rules.

Cargo insurance covers damage to and loss of goods during transport, regardless of fault, thereby reducing financial risk while helping to secure liquidity in the event of an incident.

Cargo insurance normally covers the cargo owner’s full loss, whereas claims against the carrier or freight forwarder are usually subject to liability limitations.

The insurance protects against typical events such as damage to the goods, loss (total or partial), or delay. It often meets customer and contractual requirements in international trade, provides a better negotiating position and control in the value chain, and can include additional coverages.

If you need legal advice related to insurance, contact our experienced insurance and liability team – you can find us here.

Incoterms (“International Commercial Terms”) are standardised delivery terms that allocate costs, risk, and responsibility for export and import formalities between the buyer and the seller in a sale of goods.

The rules apply to all modes of transport and are used globally, but are only binding if the contract expressly refers to them. Incoterms do not regulate price, title to the goods, breach of contract, or jurisdiction.

Read more in this article (in Norwegian): "Innføring de ulike betingelsene som ligger i Incoterms 2020".

NSAB 2015 (the General Conditions of the Nordic Association of Freight Forwarders 2015) are standard terms used by freight forwarders and logistics operators in the Nordic region. They regulate the parties’ rights and obligations in freight forwarding and logistics assignments, including liability for goods, time limits for notice of claims, insurance, payment, and limitations of liability.

NSAB 2015 is an industry standard and is considered an agreed document in the logistics sector. It is particularly relevant for multimodal transports where statutory law does not provide sufficient regulation and in situations where transport legislation does not cover the specific issue in question.

Read more about actors and concepts in the world of international logistics in this article (in Norwegian).