FOV / Freight Insurance — 'Freight on Value' charge — a percentage (often 0.5–2%) of declared value that insures the parcel against loss/damage. Also called carrier liability cover.
Why it matters to your store
Skip it on replaceable goods; buy it above roughly ₹3,000–5,000 declared value or on one-of-one items. Read claim terms — exclusions swallow more claims than accidents do.
This is the vocabulary every courier invoice, NDR report and rate card is written in — learn it once, save money forever.
See how →Worked example
₹12,000 camera → ₹120 FOV charge → parcel crushed in transit → claim pays declared value. Without it, you negotiate goodwill.
The bottom line
Shipping jargon is really just the billing manual in disguise — every term on this list maps to a line on an invoice or a lever on your margins. Pakka Parcel is built so you rarely have to think about it: statuses normalise, bills reconcile, and quotes already include the surcharges.
