Cargo Insurance

Shippers often mistake declared value coverage with Cargo insurance, but in fact they are quite different. It is important to understand these differences and how claims are paid under each type of policy. Following is a brief overview of how these policies work. The practice of declaring a value for carriage occurs when a shipper […]

The global insolvency of Hanjin Shipping Co. Ltd. had a tremendous impact on cargo owners, including losses involving the need to move cargo from one carrier to another; making arrangements for additional transportation modes; and taking measures to minimize losses resulting in additional storage fees, charges and fines; among other claims. Hanjin, the largest shipping […]

As a logistics service provider, you’re contracting with truckers to move your client’s goods and depending on reputable carriers to get your cargo to its final destination intact. You also depend on your carriers to take the measures necessary to prevent loss and minimize risk to the cargo, including from cyber threats. But the reality […]

In the latest edition of Roanoke Trade’s “Cargo Insurance in Action” series where our goal is to provide you with insight as to the type of exposures and incidents that can result in substantial losses and to underscore the importance of carrying Cargo insurance, we’re sharing the details of a recent claim involving the shipment […]