Risk / insurance cost of a mis-declared dangerous-goods container - estimated from typical box value × chain of loss.
Formula
$$ L = V \cdot m(\text{severity}) $$
Symbol legend
| Symbol | Meaning | Unit | Source |
|---|---|---|---|
| $V$ | Container cargo value | USD | commercial invoice |
| $m$ | Chain-loss multiplier | - | insurance claim data |
Sources
- CINS - Cargo Incident Notification System.