Question: Why should I have to carry a higher deductible than I am financially comfortable with? Answer: You do not have to! Have you ever been asked this question by one of your clients? Well now you have the answer. Greenwoods, has identified this potential risk and has designed a specialist program which brings the
"Cargo Liability Insurance" Transporting cargo from one side of the country to another or anywhere in-between is a dangerous proposition, and that’s where cargo liability insurance comes in. There are organized crime rings that actually hijack trailers and steal goods on board as a way to make quick money, so the contents of a trailer
Freight Forwarding Services FIATA Model Rules PART I. GENERAL PROVISIONS 1. Applicability 1.1. These Rules apply when they are incorporated; however this is made, in writing, orally or otherwise, into a contract by referring to the FIATA Rules for Freight Forwarding Services. 1.2. Whenever such reference is made, the parties agree that these Rules shall
All Forwarding companies must assume some liability for the transported items. Insurance is always a complicated topic, but it's important to understand the coverage you have during your transit. It's not fun to find out your items are not fully covered after they are damaged. It's the same as closing the barn door after the
An Unremarkable Decision? Should the Freight Forwarder “match” his exposures with his Insurance Cover? In April 2010, the Court of Appeal granted an appeal of a decision which at first glance may appear to be of limited application to freight forwarding agents, but upon closer inspection may have a wider impact on all insurance
The Rotterdam Rules Εισαγωγή 1. Σε γενικές γραμμές, η Συνθήκη “The Rotterdam Rules (RR)” δεν έχει ουσιαστικές αλλαγές σε σύγκριση με την ήδη υπάρχουσα νομοθεσία, όσο αφορά τις ευθύνες και τις υποχρεώσεις των Φορτωτών. Τα περισσότερα χαρακτηριστικά επί του θέματος έχουν διατηρηθεί σχεδόν τα ίδια με αυτά που προβλέπονται στις συνθήκες της Χάγης (HR), της
Protection may be available against most of these penalties, fines, errors, omissions and other claims exposures via our “Freight Services Liability” insurance cover. We also recommend that forwarders obtain competitive marine insurance cover for the cargo owner to protect their client relationships in the event of an unforeseen situation.A shortage of containers is causing concern
Should forwarders pay when the ship sinks and production stops? A brief introduction to cargo and liability insurance, and the consequences of the extension of forwarder responsibility towards strict liability and higher limits Increasingly, forwarders are becoming integrated partners in the business activities of export companies. The value of goods they handle often exceeds the
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 limitation of liability of carriers is harmful to transport users involves a transfer of costs
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