Avcres Transport conducts business as a transporter of goods on behalf of its customers. As such Avcres Transport considers itself to be a Bailee. A Bailee can be defined as a person or entity that legally holds goods of another, for either payment or gratuity, and has a responsibility to take reasonable care of the goods and look after them as if it was his own.
However, in accordance with the Short Term Insurance Act 53 of 1998, Avcres Transport may not insure its customer's goods or arrange insurance for its customers as Avcres Transport is not a licenced financial services provider, registered insurer or a binder holder with a registered insurer.
However, as a Bailee Avcres Transport is entitled to insure its liability to its customers in respect of the goods in its care and/or control.
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