A risk surcharge is a fee charged by a company to provide coverage against transit risks when goods are not insured by the consignor. Here are the key points:
- Purpose: It protects against transit risks for goods that are not insured by the consignor.
- Customer Choice: Customers can choose to avail this coverage by paying the stipulated 3% risk coverage charges.
- Limited Liability: This is not an insurance cover but offers limited liability protection as per the company’s terms and conditions.
Applicability
- Services Covered: The risk surcharge applies to all Express Services and consignments booked under services offered by OBN Express.
- Coverage: It covers the risk during the transit of goods.
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