full outturn guarantee insurance is a policy that covers you from the risk of incurring unknown costs due to weight spread between loading and discharge.
This represents a certain risk especially for bulk cargo (for example, liquids). Full outturn guarantee (FOG) provides protection for those “paper losses” when there is no apparent and/or identifiable cause of loss.
- Customary trade losses
- Errors in weighing, gauging and measuring
- Unknown factors that we cannot assign to another party