FAR 47.102 Transportation insurance
Section Federal Acquisition Regulation
Facts
- Citation
- FAR 47.102
- Type
- Section
- Last amended
- 71 FR 200 Effective Feb 2, 2006
- Proposed changes
- 1
- Text as of
- FAC 2026-01
- Official text
- acquisition.gov
Text from acquisition.gov. Federal Register history from the Federal Register's records of the rules that amended this section.
Text
(a) The Government generally-
(1) Retains the risk of loss of and/or damage to its property that is not the legal liability of commercial carriers and
(2) Does not buy insurance coverage for its property in the possession of commercial carriers (40 U.S.C. 17307). (See part 28, Bonds and Insurance.)
(b) Under special circumstances the Government may, if such action is considered necessary and in the Government’s interest, (1) buy insurance coverage for Government property or (2) require the carrier to (i) assume full responsibility for loss of or damage to the Government property in its possession and (ii) buy insurance to cover the carrier’s assumed responsibility. The cost of this insurance to the carrier shall be part of the transportation cost. (The Secretary of the Treasury prescribes regulations regarding shipments of valuables in 31 CFR parts 361 and 362.)
(c)
(1) If special circumstances dictate the need for the Government to buy insurance coverage, the contracting officer shall ascertain that-
(i) There is no statutory prohibition; and
(ii) Funds for insurance are available.
(2) The contracting officer shall document the need and authorization for insurance coverage in the contract file.
Federal Register history
Proposed changes
| Proposed rule | Published | Comments |
|---|---|---|
| Federal Acquisition Regulation: Revolutionary Federal Acquisition Regulation Overhaul Parts 9, 27, and 47 | Closed Oct 19, 2026No final rule found |
Sections cited
- FAR Part 28 Bonds and Insurance
Quick answers
What is FAR 47.102?
FAR 47.102 is a section of the Federal Acquisition Regulation, titled "Transportation insurance".
When was FAR 47.102 last changed?
The most recent final rule on record is "Federal Acquisition Regulation; Transportation: Standard Industry Practices" (71 FR 200), published Jan 3, 2006 and effective Feb 2, 2006.
Are changes to FAR 47.102 proposed?
One proposed change has no final rule yet.
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