News Middle East11 Jul 2018

Turkey:Carrier liability insurance made mandatory for freight forwarders

| 11 Jul 2018

The authorities have gazetted a regulation that among other provisions makes it mandatory for freight forwarders and other logistics companies to acquire carrier liability insurance.

The regulation on Transport Business Organisations was published in the Official Gazette on 6 July 2018, reports Insurance Gazette.

This Regulation covers all transport business organisers operating road, rail, sea or air transport or combined transport.

A transport business organiser is an entity engaged in the organisation of shipping business; shipping, customs, storage etc. In the field of freight forwarding, in accordance with the relevant legislation, the activities include transportation, storage, packaging, labelling, packaging, order management, customs, insurance, distribution and so on.

According to the new regulation, those who fail to acquire carrier liability insurance will be fined.



| Print | Share

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.


Recent Comments

There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.