Remember that time we said it can happen, and it will? Global Logistics Media reported a disaster last week, and we’re not using the term disaster lightly; this ship broke in half. Luckily, the crew survived, but we can’t say the same for the cargo. Some cargo suffered damage, but the crew lost some overboard… Read More
With the rise of supply and demand and the amount of different countries involved international supply trading, the transportation of materials is now at an all-time high. Due to this, one has to think carefully about the specifics involved in the shipping and transportation of goods because of an increased risk. Below are some… Read More
The International Commercial Terms or Incoterms are pre-defined commercial terms published by the International Chamber of Commerce (ICC). These terms are generally used internationally in commercial transactions or Procurement processes. These rules are accepted by governments and legal authorities worldwide for the interpretation of the most commonly used terms in international trade. Incoterms were created… Read More
We’ve been over the six million reasons that you need cargo insurance, but wouldn’t it awesome if it NEVER got to that point? Think about the utopia of impervious cargo for a second, you would have a peaceful mind, knowing that you’d never have to deal with the process of making a claim again…. Read More
Everyone in the world including industrialists, major corporations, and even families at home rely on trucking companies to haul goods and products all over the world. While ubiquitous freight companies want your business, it doesn’t mean all of them are reliable. Remember, this is your cargo, your assets; you can afford to be as discerning… Read More
Do Not Overlook Cargo Insurance Cargo Insurance is crucial due to the current act that limits uninsured ship-owners to $500 per unit. It does not matter if you have $200,000 worth of equipment inside of that unit; you will only receive $500 for that “container”. The limits set in place by the Hague/COGSA act protect… Read More
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