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loss maybe, but I have seen guys standing on the boxes, and have received probably 30-40 bikes damaged in transit. From Italy we would ship 400 bikes a year, probably the same again or more in frames / wheels and around 2k of components. The courier services from Spain are notoriously bad, and many are damaged, shopping around for the best price does not mean getting the best service, just the cheapest. You are correct, shipping from Italy to Malasia / Thailand etc is €90 PosteItaliane without insurance, but still everyone uses it, and from UK is £110, insured to £100, but if you are sending anything of value, you use the companies where you can at least attempt a claim for loss or damage. These 3rd Party couriers, who sell another companies product, create a chain that becomes unclaimable, so on your head be it. For me, as a buyer, I will pay more for shipping knowing I can track it correctly and the seller can claim, and always ask for a PayPal request, pay the extra 5% , and be safe. If you are spending a lot of money, calculate the extra cost when buying.
Have to agree with Pifco, until the item arrives at the buyer, the loss is the sellers responsibility, so I would never risk losing that much money. Besides, so thats, £140 to ship, another at least £10 to insure, another £15 for packaging, it seems to me the sellers original quote for shipping wasn’t so outrageous after all !