Marine Cargo Insurance

With "just-in-time" delivery becoming more crucial, there is no room for delay and disruption to supply chains. Trade Disruption Insurance (TDI) has been developed to fill the coverage gap and provide protection against financial losses throughout the supply chain.         Where traditional Cargo policies will only cover losses resulting from physical damage.

Greenwoods believe in supporting its clients with products that enable them to trade wherever in the world they choose to do business. By reducing the financial impact of these risks we are able to facilitate world trade. In an ever-changing world we must not forget that our clients are subject to the risks resulting from

In the simplest terms, a Stock Throughput policy combines the worldwide transit and inventory exposures of a client into one policy. Among the many benefits of this approach are: ■  Global "All Risks" cover for all raw materials, work in progress and finished stock during transit, manufacture and storage, eliminating potential coverage gaps between separate

Greenwoods Insurance Brokers Ltd. Has Launched a new Insurance Product Covering Perishable Foods in Supply Chain of Producers.

Carriage of small parcels has been in existence since merchant shipping started. Earlier, small parcels were transported by sea in break bulk mode as general cargoes. All this changed with the advent of containerization. Gradually, the entire liner trade moved from break bulk to container mode, so much so that liner shipping became synonymous with

Tribunal considers issues of causation in the context of Owners’ liability for delay arising out of damage to cargo In London Arbitration 22/10 ((2010) 809 LMLN 1), Charterers claimed against Owners for damages arising out of damage caused to the cargo by defects in the hatch covers allowing the cargo to be wetted by sea

Companies transporting their own cargoes typically include commodity traders and manufacturers who either deliver their commodities or goods to, or order their supplies from, overseas. In this case, it is quite possible that shipping is not the company’s main business and, while they may be aware of the need for marine cargo insurance that covers

There are shipping companies which, although accredited and highly esteemed in the industry, will advise you to always check your cargo for shortages and signs of damage every time you receive a shipment. If there is a problem, bring it to the driver's attention immediately. These companies rely on trust and confidence. It is expected

Marine insurance is an inevitable part of the import and export of cargo. Whilst we have all seen the wording of the various policies on many occasions, it may be worthwhile to review the consequences of the policies on the transport of particular types of cargoes. There are many “common” phrases in marine insurance policies;

Issues of liability and the cause of the arrest and detention of the vessel The vessel was chartered on the Sugar Charter Party 1999 for the carriage of “a full and complete” cargo of sugar. At the discharge port, it was found that there were a large number of bags of short-delivered or damaged cargo.