Here’s one for the freight forwarders

In my line of work, I have the pleasure of working with many freight forwarders. For as many years as I have been privileged to provide cargo insurance and cargo risk consulting to the market, it never ceases to surprise me when I find freight forwarders who don’t have their own freight forwarders cargo insurance… Read More

What is Cargo Insurance and Why Do You Need It?

Cargo insurance, also known as shipping, freight, or marine insurance, is the oldest form of insurance. It can be traced back to the Phoenicians, around 1200 BCE. You can’t argue that cargo insurance isn’t a good idea if it’s been around for 22,000 years!   Cargo insurance is insurance that guarantees coverage for any damages… Read More

If You Owned the Titanic, How Much Could You Be Sued For?

Stories of the infamous Titanic continue to circulate today, over 100 years after its tragic maiden voyage. This is not only because of the lives lost, but also because of the vast amount of wealth that was claimed by the sea—ultimately leading us to wonder: for just how much could the owners of the Titanic… Read More

The Rising Problem Of Cargo Theft

Although not commonly made to be public knowledge, cargo theft is becoming a real problem in our country. Cargo shipments produce millions of dollars each year and all too often, the goods being transported by cargo are becoming victim of theft.  Cargo theft is characterized by goods being stolen during transport, which is any point… Read More

Adequate Cargo Insurance

What is the point of having cargo insurance if coverage isn’t sufficient? With cargo insurance, there are several variables that factor in to what’s covered with regards to lost or damaged goods during shipment from one place to another over long distances. At issue, especially, is the concept of liability—who or what entity is ultimately… Read More

All Time Worst Cargo Accidents

There have been so many accidents on the open seas it is hard to count them all. The loss of life has been astounding and the hundreds of millions of dollars in damages is incalculable. Here are just a few of the worst disasters in maritime history.   MV Wilhelm Gustloff   While sailing in… Read More