Managing Supply Chain Risks with Essential Insurance

The supply chain is a network of companies, from manufacturers to retailers, that convert raw materials into products and distribute/deliver them to end customers. It is the most critical process that enables the global operation of the product industry. The process involves manufacturers, warehouses, transportation companies and retailers.  Every product business uses supply chain [...]

Incoterms: Ultimate Guide to International Commercial Terms

All business deals begin with a seller and end with a buyer. Some transactions of products/goods are local, but many times they are international. When goods move from an international seller to a buyer, the process is more complex: various responsibilities and rules exist. When a buyer purchases products from an international seller, they [...]

2023-11-07T15:09:26+08:00November 8th, 2023|Categories: Business Insurance|Tags: , , , , |

Difference Between Cargo and Freight Forwarder Insurance

Millions of different cargo are moving daily from one place to another. Cargo can be transported by sea, air or road, depending on the distance and urgency. However, around 80 % of all cargo is estimated to be transported by marine cargo ships. Unfortunately, according to a World Shipping Council (WSC) report, up to 1,382 shipping [...]

Top 5 Strange Cargo Accidents Faced by Companies.

The movement of cargo is a huge factor in many industries. Cargo movement includes cargo containers, freighters, ships, planes, trucks and, unfortunately, cargo accidents. Cargo accidents happen daily due to collisions, fires, bad weather, etc. However, some cargo accidents just stand out due to how odd they are and the unique cargo transported. Weird [...]

2023-07-24T15:22:41+08:00March 10th, 2023|Categories: Business Insurance|Tags: , |

The Ultimate Guide To Cargo Insurance And Why Businesses Need It?

Millions of products are being imported or exported from one country to another daily. Sometimes we don't even notice a product is imported by a business. For example, companies could import your food, wine, phone, or even clothes. Importing and exporting products is part of the logistics industry, and the products are called cargo. [...]

2023-08-11T13:53:58+08:00February 23rd, 2022|Categories: Business Insurance|Tags: , , |

Case Study: How Cargo Insurance Covered HKD 900,000 of Ice Cream?

There are thousands of products that are imported from one country to another. Sometimes we don't notice the effort taken to import and export products. However, moving products comes with its own risks- there are hundreds of things that could go wrong on a flight, ship or road. These risks are why companies purchase cargo [...]

2023-03-10T10:17:33+08:00January 21st, 2022|Categories: Business Insurance|Tags: , |

Technology Trends That Will Change The Logistic Industry In 2022

Like every industry, the logistics industry was disturbed due to pandemic and had to plan logistic activities around covid. Reportedly, the industry will change the way it operates from 2022 onwards, with the increase in technological trends. As a result, emerging technologies are shaping the future of the logistics industry. The global logistics industry is [...]

2023-03-27T17:09:45+08:00November 23rd, 2021|Categories: News feed|Tags: , , , |

Why take Marine Freight Insurance?

Marine Freight Insurance is protection along the transport chain. Marine Cargo Insurance, or Ad Valorem Insurance, can cover your goods from the factory to the final delivery. Whatever the mode of transportation used: sea, air, land, river. Your Marine Cargo Insurance Brokers deliver a unique certificate of insurance for all transport. Marine Freight Insurance protects against [...]

2023-03-13T17:11:50+08:00September 24th, 2020|Categories: Business Insurance|Tags: , , , |

Cargo claim – Best practices

What should you do when I have a Cargo Claim following a transport accident? At receipt of the shipment At the delivery, the consignee who notices evidence of a transport accident must make detailed remarks on the packing list to keep the insurance company future opportunities of recovery. Confirm those remarks to the carrier: [...]

Cargo insurance for frozen food

Frozen Food vs Chilled food As an introduction, it is important to consider the difference between hard frozen goods and goods carried in chilled or cooled conditions. Hard frozen goods are a far more attractive proposition to an insurer than those in chilled or cold form. Failure or malfunction [...]

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