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Road carrier liability insurance is a type of insurance intended for transport companies that provides cover to all carried loads up to the limit provided for in the CMR and TIR conventions. If goods are damaged or lost during transport and the carrier has incurred the liability of compensation to the owner of the goods, the insurance company compensates for damage in accordance with the international CMR convention provided that there exists road carrier liability insurance.
In transport sector, many different measurements to measure the volume of goods are used. The table below shows the relationship between various measurements used in road transport.
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