Cargo Claim – Disclosed Material Facts –
Marine Insurance Act 1906 section 39 Commercial Court rejects attempt by an insurer to avoid a policy on the grounds of failure on the part of the insured to disclose material facts The Defendant Insurers alleged that the Claimant Insured
Logistics “revenue growth at 3PLs”
Third-party logistics firms, or 3PLs, generate some of the highest returns on invested capital in our industrial stock coverage universe. Due to their asset-light business model, these firms' margins generally are robust even during periods of weakness in freight shipping. Logistics providers
ROTTERDAM RULES the other side of the coin
Observers' Objections Recently an important group of experts from the private sector signed a Declaration and recommend the governments not to adopt the Rotterdam Rules. The most important rejection is contained in article 15, which reads as follows: 15. The
Controlling Containerized Cargo
LOSS PREVENTION IN CONTAINERIZED CARGO The use of intermodal containers for the transport of a great variety of cargo has become increasingly popular in recent years. Intermodalism - a concept that embraces the movement and transfer of standardized cargo containers
‘Don’t Cry over a damaged Consignment…’
Cargo Insurance At Greenwoods Insurance Brokers Ltd, we have a global insurance policy that our customers can take advantage of. A considerable amount of cargo is shipped without cargo insurance and only covered by carrier’s liability insurance, thereby protecting the
Cargo Insurance Tips
Cargo insurance is vital protection for international traders. Cargo insurance is business insurance used by companies that routinely engage in shipping products, or that ship a large supply of products one time. Sometimes called shipping insurance or moving insurance (for
The ‘without prejudice’ General Rule
The UK Supreme Court unanimously held that, when construing a settlement agreement between two parties, evidence of facts within their common knowledge is admissible where those facts have a bearing on the meaning that should be given to the words
Shipbuilding a Law Case for Study
The High Court has recently looked at issues arising where one party seeks to enforce a liquidated damages clause incorporated into a shipbuilding contract, and the defaulting party contends that liquidated damages are not payable because they constitute a "penalty".
Transport Risks Management.
With constantly shifting suppliers and sales markets as well as the increase in use of outsourced production sites, companies face more and more transport exposures for their cargo. As Experts explains, fast and safe deliveries require a holistic approach to