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AVERAGE BOND To: Vessel: Voyage: Casualty: Folio No. Shipowners and/or Bare boat Charterers and/or Operators m.v. “MONTEVIDEO EXPRESS From ports in South America East coast to US Gulf ports, Voyage
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01
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Average bond cargo is the average amount of cargo that is bonded or insured for a shipment.
Any party responsible for shipping goods that are bonded or insured is required to file average bond cargo.
Average bond cargo can be filled out by providing information about the bonded or insured goods, the value of the goods, and the shipping details.
The purpose of average bond cargo is to ensure that goods being shipped are covered by insurance or bond in case of damage or loss.
Information such as the type of goods, their value, the insurance or bond coverage, and the shipping details must be reported on average bond cargo.
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