Insurance Services

Scope of CMR Insurance

CMR insurance is a liability insurance that covers the goods transported by companies engaged in international road logistics. According to the CMR Convention, the carrier is liable for up to 8.33 SDR per kilogram of damaged, lost, or missing goods. SDR is an international monetary unit, and 8.33 SDR approximately corresponds to 9.9 Euros.

What is CMR Insurance and How Is It Applied?

Transportation companies, which play a significant role in import and export activities in Türkiye, operate under high-risk conditions during their operations. These risks naturally bring about various responsibilities. Under current conditions, it is evidently very difficult for one party alone to bear and manage these responsibilities.

For this reason, considering the sender and the receiver as part of a whole and managing commercial relations between the sender, carrier, and receiver collectively was deemed beneficial. Hence, an international agreement known as the CMR Convention was adopted by European countries in 1956.

The CMR agreement, which standardizes the conditions of the carriage of goods by road—particularly regarding the documents used for such transport and the liability of the carrier—has been incorporated into Turkish law since 1955.

Should Cargo Insurance Be Taken Out?

To protect against potential risks, for shipments exceeding 8.33 SDR/9.9 Euros per kilogram, cargo insurance should be taken out based on the actual value of the goods being shipped.

Transportation companies, which play a significant role in export activities, operate under high-risk conditions during their operations. These risks naturally bring about various responsibilities. Under current conditions, it is evidently very difficult for one party alone to bear and manage these responsibilities.

For this reason, considering the sender and the receiver as part of a whole and managing commercial relations between the sender, carrier, and receiver collectively was deemed beneficial. Hence, an international agreement known as the CMR Convention was adopted by European countries in 1956.

The CMR agreement, which standardizes the conditions of the carriage of goods by road—particularly regarding the documents used for such transport and the liability of the carrier—has been incorporated into Turkish law since 1955.