Freight insurance is one of the oldest kinds of insurance that is often a condition for the execution of international contracts. The peculiarities of this kind of insurance is that, firstly, in the process of transporting a freight the owner cannot control safety of the freight, secondly, several carriers can take part in transportation of the freight and they can use different kinds of transport, thirdly, in the process of transportation the freight can cross the borders of several foreign countries. Internal and international transportation is becoming more and more intensive. The level of risk in this sphere is great and it is well understood by those who deal with freight transportation.

The object of freight insurance is property interests of the Insured that do not contradict the effective legislation of Ukraine related to owning, using and managing the property.