Shipping businesses are exposed to a great number of named and unnamed perils which can cause huge financial consequences. Accidents, natural disasters, regulatory risks, manhandling, market volatility, security risks, operational risks, geopolitical tensions, etc. are a few risks to name. It is essential for businesses to have a freight cargo insurance cover to navigate through these […]
What does intermodal transportation mean and how is it different from multimodal transportation?
Logistics systems are an important part of the shipping business. Be it a small business or a reputed logistics company involved in the shipping of cargo, freight transportation models or strategy is an important component. When we talk about freight transportation models, intermodal transportation and multimodal transportation are the two most commonly heard terms. In […]
Enhanced Shipment Protection: freight cargo insurance Tips for an air freight forwarder
Freight forwarders manage various aspects of the shipping process and thus play a crucial role in the shipping industry. Though freight forwarders do not own the goods that are being shipped, they can still be held legally responsible for the losses or damages to shipment. Hence, freight forwarders need to have financial protection against such […]
What is Barratry in Marine Insurance, Maritime Law & Regulations Governing It
Overview Barratry in marine insurance refers to a willful act of misconduct or illegal behavior by the ship’s master or crew that results in loss or damage to the ship or cargo. Examples include theft, desertion, or intentionally sinking the ship. Most marine insurance policies cover losses arising from barratry, provided the act was committed […]
What is Warehouse-to-Warehouse Insurance?
When you are involved in the business of exporting or importing goods from multiple countries. You know the financial implications of losing the cargo in transit due to any reason whatsoever. In the worst-case scenario, loss of goods because of theft, an overturning of the cargo vessel, etc. can even lead a company to dissolution, […]
Types of Insurance Oil Companies must take for offshore assets.
The oil and gas industry is highly diverse, with numerous subsets requiring specialised insurance coverage. As a result, insurance for oil and gas professionals and businesses can be complex. In addition to standard policies that most businesses use for protection, oil and gas companies require tailored insurance policies to cover specific equipment and services. These […]
What are the advantages of freight forwarders’ Insurance over shipping agents’ Insurance?
The delivery of cargo is a complex process that involves thousands of ships, planes, trucks, and trains, moving goods from one location to another. To move cargo from one location to another, companies rely on freight forwarders. Freight forwarder meaning an agency that ships or receives goods on behalf of other individuals or companies for […]
Video- Why do you need a Specific Transit Insurance Policy?
Importance of Specific Transit Insurance cover In the world of international trade, shipments face various risks during transit. One effective solution to protect consignees from potential losses is Specific Transit Insurance. Join us on a journey as we explore the importance of Specific Transit Insurance cover, its types, and the advantages of this crucial transport […]
Marine Insurance And International Arbitration
With a long coastline of 7500 kilometers, spanning across 9 states and 4 union territories, India has a rich history in the marine trade. Several merchants and traders came to India for the trade of spices, textiles and jewelry. To encourage safe trading, today maritime business is governed by some regulating bodies across the world. […]
Who is Covered Under Multimodal Transport Operator (MTO) Insurance Cover?
Every business has its own legal and client-related liabilities that require careful consideration. The same holds true for transport operators providing national and international logistics solutions to clients from different industries. In particular, the challenges related to the work of Multimodal Transport Operators or MTOs are quite complex. They are engaged in transporting goods via […]