Insurance

Risks and Liabilities of a Freight Forwarder

by Categories Freight, Freight Forwarding, Trade Tags , , , 24 Comments Estimated reading time = 7 minutes
risks and liabilities of a freight forwarder - shipping and freight resources 500th article

Freight forwarders are an integral part of the supply chain and global maritime trade..

A freight forwarder serves as a conduit for global trade between importers, exporters, BCOs (Beneficial Cargo Owners) and the transportation and regulatory entities such as shipping lines, customs, port etc..

The moment a freight forwarder signs/accepts a contract with the customer, they are exposed to several unique risks and liabilities..

This article discusses the risks and liabilities of a freight forwarder..

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What is a Switch Bill of Lading and when and why is it used..??

by Categories Bill of Lading, Documentation, Marine Insurance Tags , , , , 190 Comments Estimated reading time = 7 minutes
switch bill of lading

The world of shipping and freight is very dynamic and there may be several changes that happen during the course of a shipment or post shipment..

Destinations can change, cargo routing can change, cargo release parties can change, even important documents such as a Bill of Lading may be subjected to changes..

Some may be simple amendments, but in a lot of cases, the changes or requirements may be elaborate such that it necessitates the issuance of a Switch Bill of Lading..

Read here about what it means and when and where it is used..

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Importing for the first time, huh..?? Then you should read this..

by Categories Documentation, Shipping and Freight Tags , , , 12 Comments Estimated reading time = 7 minutes
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Planning to import, but don’t know where and how to start..??

Here is some “generic” practical advice to importers who are importing for the first time.. Includes information about the documentation required for importing, what precautions one must take to avoid any losses..

Please be guided that this is a very generic advice and each import is different and could have many variables..

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A Chinese company has defrauded me.. Who can help me..??

by Categories Case Studies, Marine Insurance Tags , , , , 6 Comments Estimated reading time = 3 minutes
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A Chinese company has defrauded me.. Who can help me..??

Seems to be a very popular question/issue within the international trading arena.. Is there a solution or recourse to the buyer..??

It would be interesting to see how many other readers have had such experiences and if anyone has been successful in getting back any of the monies from the people that defrauded you..??

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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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Shipping cargo without insurance – reader question

by Categories Case Studies, FAQ, Incoterms®, Letter of Credit, Questions and Answers, Shipping Knowledge Tags , , 12 Comments Estimated reading time = 1 minute
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Shipping your cargo without insurance.. Hmmmmm, not a very smart idea.. Several pitfalls await those who attempt this.. Here’s a question from a reader based on their historical experience.. All comments welcome on this situation..

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Can an insurance company assist a freight forwarder in case of lost bill of lading..??

by Categories Bill of Lading, Marine Insurance, Shipping Knowledge Tags , , , , 3 Comments Estimated reading time = 2 minutes

If an Original Master Bill of Lading is lost by a Freight Forwarder, will his insurance company provide cover or assistance in securing a bank guarantee..??

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Incorrect cargo in container – who is responsible..??

by Categories Bill of Lading, Case Studies, Incoterms®, Shipping Knowledge Tags , , , , 19 Comments Estimated reading time = 3 minutes
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Incorrect cargo in container – who is responsible..?? This is the gist of the question below from Bukky.. Container arrived,sealed Cleared customs in Houston, TX. Pick up the same for delivery by a trucking company to the buyer warehouse. Container unsealed, inside the container was bags full of cement/unknown stuffs instead of cooking oil. Who is responsible for the missing … Read more here..

The cost of avoidable errors – an ITIC perspective

by Categories Shipping and Freight Tags , , , , , , , , 2 Comments Estimated reading time = 3 minutes

International Transport Intermediaries Club (ITIC) has emphasised how avoidable errors can prove expensive for ship agents. In the latest issue of its Claims Review, ITIC recounts how a ship agent at a tidal port in Japan was asked to provide a tide table to enable the owner of a ship to calculate the permissible drafts for the dates that its … Read more here..

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