The inherent financial risks associated with international shipping can be minimized by purchasing cargo insurance. As outlined in the Warsaw Act and the Carriage of Goods by Sea Act (COGSA), the limits of liability for air and ocean carriers will not likely cover the value of your goods. Additionally, when the general average is declared aboard an ocean vessel, all shippers must pay a pro-rated amount for lost cargo or damage to the vessel. An All Risk Insurance Policy can help mitigate these financial risks.
Freight Forwarding
(B)logistics: Why You Need Cargo Insurance
The inherent financial risks associated with international shipping can be minimized by purchasing cargo insurance. As outlined in the Warsaw Act and the Carriage of Goods by Sea Act (COGSA), the limits of liability for air and ocean carriers will not likely cover the value of your goods. Additionally, when the general average is declared aboard an ocean vessel, all shippers must pay a pro-rated amount for lost cargo or damage to the vessel. An All Risk Insurance Policy can help mitigate these financial risks.
(B)logistics: FMC Offers Dispute Option for Hanjin Cargo; GRIs, & Golden Week
In this week’s West Coast Wednesday, Mark Hirzel also discusses terminal efficiency at the ports of LA/LB, postponed GRIs, and China’s upcoming Golden Week. Shippers incurring “unreasonable” fees from cargo impacted by Hanjin’s bankruptcy have options.
(B)logistics: Chassis Usage Is Up, But No Delays Yet?
In this week’s West Coast Wednesday, Mark Hirzel shares insights regarding chassis usage and container dwell times. However, Labor Day is near and could cause slight delays! What’s happening with ocean carriers and alliances?
