Insurance

Today’s cargo shippers face potential danger at every turn; unexpected delays, inclement weather, loss, or damage to cargo. These events are sudden and can have a detrimental impact on your business operations and bottom line.

As part of our comprehensive approach to cargo freight services, we handle all insurance related documentation, payment of premiums, regular reporting and can assist in claims settlement processing. Our involvement eliminates the need for shipment-by-shipment declarations, and allows us to assure that the coverage obtained is adequate to cover all your cargo needs.

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Insurance FAQ Frequently Asked Questions

What should be the insured role while establishing a claim for a loss?

The insured should act truthfully keeping nothing concealed while making his claims. They must act as a far-sighted uninsured.

What happens if a shipment is under-valued for insurance purposes?

The cost of the cargo announced for coverage must reflect its true value or the claim settlement may be prorated to a much lesser value. Then the insured might have to act as a co-insurer to provide an optimum coverage for the shipment.

What is uberias fides?

This is a joint reliance while negotiating the coverage policy. The insured need to unveil all the aspects needed to put together an accurate coverage. Any violation by any of the parties can result in the cancellation of the contract.

What does Incoterms mean?

It is a document defining the liability of the buyers and sellers which is recognized by all the courts and custom authorities of the major business nations. This includes definitions of trade and it is produced by the international Chamber of commerce. The Incoterm mentions specifically the responsibilities of the buyers and sellers while loading or unloading, therefore lowering the risk of disputes and misunderstandings considerably.

What does a bill of landing mean?

The bill of landing has a threefold role. It acts as an agreement between the vessel owner and the shipper delineating the accountability of the carrier, a receipt by the vessel owner for the cargo and as a detail of title to them.

What does an all risks policy implies?

This policy provides coverage against all transportation perils. However, it does not covers the loss, delay or damages incurred by war, strike, civil commotions, riots, loss of market or the integral deficiency of the freight unless mentioned specifically.