cargo loss

Cargo loss refers to the situation where goods being transported by ship, truck, or airplane are damaged, lost, or destroyed before they reach their destination. This can occur due to various reasons, such as accidents, theft, natural disasters, or mishandling during loading and unloading. When cargo loss happens, it can lead to financial losses for businesses and disrupt supply chains. To mitigate these risks, companies often purchase cargo insurance, which helps cover the costs associated with lost or damaged goods, ensuring they can recover financially from such incidents.