Cargo insurance

IoT based Cargo Insurance

by Categories Digitalisation, Innovation, News, Press Release, Technology, Visibility Tags , , , , Leave a comment Estimated reading time = 4 minutes
Press Release

Among other things (including a lack of knowledge), cargo insurance is considered by many to be cumbersome due to the huge amount of manual work involved in applying for insurance and for claims, not to mention the time delays caused due to these processes and also the lack of visibility of incidents etc for the insurance industry..

In an effort to reduce these delays and provide visibility into entire shipping container fleets, Loginno an IoT visionary company from Israel has partnered with with Marsh to provide innovative IoT based cargo insurance..

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Do I need cargo insurance for my shipment..??

by Categories Documentation, Freight Container, Incoterms®, Marine Insurance, Shipping Knowledge Tags , , , , 14 Comments Estimated reading time = 11 minutes
cargo insurance - shipping and freight resource

Cargo insurance is a type of insurance that protects a buyer or seller of goods against damages or loss of cargo..

Despite insurance having been around for centuries, there is still a feeling that any form of insurance is a “grudge purchase” and in the case of cargo shipments, many people ask the question “Do I need cargo insurance for my shipment“..??

By its nature, insurance is an intangible benefit, one that can only be tested under adverse circumstances and there is nothing more adverse than cargo damage..

From a

• Local (Street to Street, City to City, Town to Town etc)
• Provincial (Within the same province or state etc)
• National (Province to Province, State to State etc)
• Global (International trade between countries)
• Regional (Within regional trade blocs like EU, BRICS etc)

there are several modes and types of trade/shipments around the world..

Where there is a shipment, there is a possibility of cargo damage and where there is the possibility of cargo damage………………….

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All you need to know about Cargo Insurance and why you need it

by Categories Guest Article, Marine Insurance, Shipping Knowledge Tags , 13 Comments Estimated reading time = 7 minutes
Image for Cargo Insurance
Although it may seem obvious, it is shocking to mention the least how many customers still do not take the right Cargo Insurance cover to insure their cargo comprehensively..

I don’t think anyone will intentionally not cover their cargo properly and can only assume that it is due to ignorance or lack of knowledge..

This post aims to educate everyone on what is Cargo Insurance and what steps are involved..

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More shipping lines offering logistics services – Hapag Lloyd is now offering cargo insurance

by Categories Marine Insurance, News, Opinion, Press Release, Shipping and Freight Tags , , 5 Comments Estimated reading time = 3 minutes
shipping and freight news

Do I need cargo insurance for my shipment..?? Is a question asked by many customers around the world.. Whether they are exporters or importers or traders.. This is question that has been going for long and is expected to go on longer..

As much as we discuss why cargo insurance and insurers matter, in the recent past the question of who is the cargo insurer is coming to the fore as the line between the shipping line(s) and logistics services providers seems to be getting blurred..

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Instant shipment insurance anyone..??

by Categories Marine Insurance, News, Press Release Tags , , 5 Comments Estimated reading time = 3 minutes
shipping and freight news

Cargo insurance covers/compensates a buyer or seller of goods against cargo damage or loss of cargo..

Despite it having been around for centuries, there is still a feeling that any form of insurance is a “grudge purchase”..

By its nature, insurance is an intangible benefit, one that can only be tested under adverse circumstances and there is nothing more adverse than cargo damage..

One of the common complaints about getting insurance is about the tons of paperwork that needs to be completed and the time it takes for all of it to be done..

Chubb, the world’s largest publicly traded property and casualty insurance company aims to take this pain away from the customers who are interested in having their goods covered..

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Why cargo insurance and insurers matter..

by Categories Incoterms®, Marine Insurance, Shared Articles, Shipping Knowledge, Trade Tags , 8 Comments Estimated reading time = 8 minutes
cargo insurance - shipping and freight resource

Cargo insurance is a type of insurance that covers/compensates a buyer or seller of goods against cargo damage or loss of cargo..

Despite insurance having been around for centuries, there is still a feeling that any form of insurance is a “grudge purchase”..

By its nature, insurance is an intangible benefit, one that can only be tested under adverse circumstances and there is nothing more adverse than cargo damage..

From a

  • Local (Street to Street, City to City, Town to Town) shipment;
  • to Provincial shipment within the same province/state;
  • to National shipment within the country;
  • to Regional trade within regional trade blocs like EU, BRICS;
  • to Global trade between countries

there are several modes and types of trade/shipments around the world..

Although it may seem obvious, it is shocking to see how many customers still do not take the right Cargo Insurance to cover their cargo comprehensively..

I don’t think this lack of proper insurance cover is intentional, but may be due to ignorance or lack of knowledge on the part of the client as far as Cargo Insurance goes..

So when I read an article from Tom O’Malley of TJO Cargo, I felt I had to share it with my readers for a better understanding of Why cargo insurance and insurers matter..

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Seal number discrepancy between manifest and container – what to do..!!

by Categories Freight Container, Marine Insurance, Questions and Answers Tags , 26 Comments Estimated reading time = 4 minutes
Image for container seal

Seal number discrepancy between manifest and container happens many times than you can imagine and this happens all over the world.. How and why does this seal number discrepancy happen and what steps should a consignee take when it happens..??

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7 ways to prevent cargo theft

by Categories Guest Article, Shipping Knowledge Tags , , 6 Comments Estimated reading time = 5 minutes
image for cargo protect

Shipping and freight does not just involve ships and containers.. Local logistics and transportation are also considered to be part of the industry.. Where there is transport, there is always theft.. Theft of cargo, theft of fuel, theft of spare parts, theft of vehicle etc etc etc.. From this list, cargo theft is a serious problem for companies all over … Read more here..

Impact of insurance on Express Bill of Lading

by Categories Bill of Lading, Documentation, Marine Insurance, Questions and Answers Tags , , , Leave a comment Estimated reading time = 3 minutes
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Insurance is a very important item in any business transaction.. Shipping is no different..

Will there be any impact on the insurance cover taken if the bill of lading issued for the shipment is an Express Bill of Lading..??

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Incoterms, transfer of risk and title to sue

by Categories Incoterms®, Marine Insurance Tags , , 1 Comment Estimated reading time = 6 minutes

Incoterms, the transfer of risk and the title to sue are some of the issues that are discussed at length and detail across many platforms.. There is however a great deal of misunderstanding and miscommunication about this subject.. The latest TT Talk article from the TT Club discusses this issue in detail..

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Do I need all original bills of lading for an insurance claim..??

by Categories Bill of Lading, Case Studies Tags , , , 4 Comments Estimated reading time = 5 minutes

Can I lodge an insurance claim with an original bill of lading or do I need all original bills of lading..??

The trigger for this topic is a question that a reader Sandreen asked as below..

One of our shipments caught fire on transit. To get the Insurance claim I have to submit the full set of original B/Ls, but I have lost 2 original B/Ls.

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