Insurance Archives

Risks and Liabilities of a Freight Forwarder

May 10, 2020April 22, 2020
Hariesh ManaadiarFreight, Freight Forwarding, Trade freight forwarder, Insurance, liabilities, risks 28 Comments 7 minutes

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..

Go to full article >>>

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

July 18, 2021February 1, 2019
Hariesh ManaadiarBill of Lading, Documentation, Marine Insurance #shippinginfo, #shippingknowledge, bill of lading, Insurance, switch bill of lading 195 Comments 7 minutes

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..

Go to full article >>>

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

January 1, 2016July 4, 2014
Hariesh ManaadiarDocumentation, Shipping and Freight import, Importing for the first time, Insurance, shipping line 12 Comments 7 minutes

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..

Go to full article >>>

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

May 7, 2015June 4, 2014
Hariesh ManaadiarCase Studies, Marine Insurance China, fraud, Insurance, Shipping Fraud, Trading 6 Comments 3 minutes

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..??

Go to full article >>>

Incoterms, transfer of risk and title to sue

May 9, 2014
Hariesh ManaadiarIncoterms®, Marine Insurance Cargo insurance, Incoterms, Insurance 1 Comment 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..

Go to full article >>>

Shipping cargo without insurance – reader question

February 7, 2021April 7, 2014
Hariesh ManaadiarCase Studies, Education, FAQ, Incoterms®, Letter of Credit, Questions and Answers Incoterms, Insurance, letter of credit 12 Comments 1 minute

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..

Go to full article >>>

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

February 7, 2021February 4, 2014
Hariesh ManaadiarBill of Lading, Education, Marine Insurance Forwarder Liability insurance, house bill of lading, Insurance, Lost bill of lading, master bill of lading 3 Comments 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..??

Go to full article >>>

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

March 13, 2021October 3, 2013
Hariesh ManaadiarBill of Lading, Case Studies, Education, Incoterms® Cargo fraud, fraud, Incoterms, Insurance, Marine Insurance 19 Comments 3 minutes

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 … Read more here..

The cost of avoidable errors – an ITIC perspective

May 13, 2013November 13, 2012
Hariesh ManaadiarShipping and Freight error, human error, Insurance, ITIC, shipping education, shipping information, shipping knowledge, shipping questions and answers, ships agents 2 Comments 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 … Read more here..