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 was not entitled to claim under the policy due to (a) material non-disclosure and (b)
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 by sea, air and surface has greatly reduced cargo handling, particularly in Door-to-Door shipments. Development
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 carriers and not the goods. This only offers liability for loss or damage whilst the
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 commercial goods), cargo insurance covers risks to cargo from water, truck or plane transportation. Single
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 transport risks management. Every good is shipped at least once in its lifetime, but most
Cargo insurance is the oldest type of insurance in existence, yet it’s often the least understood. Whether you are transportation intermediary or a shipper, here are some cargo insurance buying tips from the unique perspective of an insurance insider. Do insurance underwriters rely on methodology and science to determine pricing or do they just pull
BULK OIL CLAUSE an analysis 1. The Assureds are not to be prejudiced by the presence of the negligence clause and/or latent defect clause in the bills of lading and/or charter party. The seaworthiness of the vessel and/or craft are between the Assured and Underwriters is hereby admitted, and the Underwriters agreed that in
Cargo Damage from Fire The fire which broke out onboard the M/V Charlotte Maersk near Port Klang in Malaysia in July of this year raises some interesting questions for shippers. While one is hesitant to speculate as to the cause of the fire and the liability of any of the parties involved until thorough investigations
Η συνδυασμένη μεταφορά άρχισε με την εμφάνιση των Εμπορευματοκιβωτίων (CONTAINERS). Πριν από αυτή την εξέλιξη, κάθε στάδιο μεταφοράς χρειαζόταν να αντιμετωπισθεί μεμονωμένα. Στο παρελθόν ο Εμπορευόμενος Αποστολέας ή ο Παραλήπτης ήταν υποχρεωμένοι να συνάψουν ξεχωριστή σύμβαση για το κάθε στάδιο της μεταφοράς και όπως γίνεται αντιληπτό, αυτή η διαδικασία ήταν λίγο ως πολύ
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