Dhaka, Oct. 19 -- Compensation for the burnt cargos at the fire-ravaged cargo village of Hazrat Shahjalal International Airport (HSIA) is likely as consignments are believed fully insured, according to multiple insurance-industry sources.

Commerce Adviser Sk Bashir Uddin, who visited the site, told reporters that the export-cargo village remained safe, and that only goods stored in the import-cargo village were damaged in the fire.

Mr. Bashir, also in charge of the Ministry of Civil Aviation, said the extent of the losses and damages were not yet assessed, adding: "We are going to sit and assess the losses."

People familiar with the matter at several non-life insurance companies said most of the air cargos routed through the airport - ...