Cargo Interests

Cargo interests refer to the parties that have a financial stake in cargo being transported, typically during shipping. This includes the owners of the goods, those buying or selling them, and often financiers. These parties rely on the safe and timely delivery of cargo, and their interests are protected through contracts and insurance. If cargo is damaged or lost, cargo interests may seek compensation from carriers or insurers. Understanding cargo interests is crucial for anyone involved in international trade and shipping, as it helps ensure that all parties are aware of their rights and responsibilities.