Tag Archives: Marine Cargo
A Guide to Freight Forwarders Insurance in the UK
A Guide to Freight Forwarders Insurance in the UK Introduction Every year, a significant number of shipping containers is lost during transit. This, coupled with the occurrence of damaged goods upon delivery, has emphasised the importance of insurance in the logistics sector. Let's delve into the world of Freight Insurance and Cargo Insurance –…
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COVID-19: The Impact on Marine Protection and Indemnity Coverage
COVID-19: The Impact on Marine Protection and Indemnity Coverage Amid the tragic human impact of COVID-19 and governments' restrictions on travel and commerce, businesses are feeling the economic consequences of the pandemic. COVID-19 has reshaped the marine sector's risk landscape, and raised questions about shipowners' protection and indemnity (P&I) coverage and how this may be…
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Marine Cargo Insurance and its importance
Marine Cargo Insurance and its importance Maritime transport is one of the safest channels for the movement of goods, however, inevitably, there are certain risks that, during their transfer, can generate damage or even total loss of cargo. That is why it is recommended to contract or enforce transfer insurance for all goods. The purpose…
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Vessel accidents have increased, are you prepared?
Vessel accidents have increased, are you prepared? It is estimated that 3,000 containers have been lost at sea over the past few months alone. Compared to the 1,382 containers on average lost per year between 2008-2019, as reported by The World Shipping Council, that’s a big jump. What’s the reason for it? Why are vessel…
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Nine cargo security tips
NMU have released advice to secure cargo and keep it safe while in transit. These tips should be followed in order to keep your cargo as safe as possible. 1. Know where your shipment is – Know where it should be at any given time, when it is stationary and when it is being transferred…
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The threats and opportunities of autonomous ships
As autonomous cars feature increasingly in the headlines, it seems the world of shipping is not far behind. Currently, Norway seems to be leading the way with collaboration between international technology group Kongsberg and chemical company Yara, in order to build a fully autonomous, electric container ship. The Yara Birkeland, due to be launched in…
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Water damage – over 25% of all claims originated from this risk
In 2016, escape of water contributed to over a quarter of all domestic property insurance claims, ranking above ‘weather’ and ‘fire and explosion’. Between January and September 2017, these claims totalled £483m – an increase on the previous year. However, it’s also an issue in the commercial space. The continuing rise in escape of water…
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Hauliers Liability – The importance of arranging the correct cover for your business
Hauliers Liability – The importance of arranging the correct cover for your business Simon Horton, Transportation Director at Ascend Broking takes a look at a hauliers responsibility for customers goods whilst they are in your care, custody or control. Hauliers are liable for loss or damage to goods at Common Law unless you operate…
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Cyber Liability Insurance Explained – Our Free eBook
Cyber crime is continuing to increase and so are the insurance products available to you from insurers. But not all are the same. So how do you know what the right coverage and risk management policy is going to be right for your business? To help you through this process Ascend have put together an…
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How to get the best price for your motor fleet
How to get the best price for your motor fleet Specialist insurance for the Transportation and Haulage sector needs a unique approach. It is important to engage a broker that has a specialism in your industry. They must have the knowledge and expertise in your business sector and be able to provide you with full market access.…
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