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 the Baltic… Read more »
Ocean Cargo Insurance: Do I Really Need It?
The What’s, Why’s, When’s, Where’s and How’s of ocean cargo insurance can present a very confusing picture if you don’t do your research. But the truth is that if you don’t have it at all, you could end up partly responsible for the loss of a sunken cargo ship, as well as your own shipped… Read more »
Lost in Transit – an Infographic by TJO Cargo
TJO Cargo helps you protect your assets and your ‘precious cargo’ (pun completely intended). In the interest of helping you reduce risk and protect your goods, we’ve put together an infographic on the myriad of products lost in transit over the years. Whether shipping by air, land, or sea, your cargo is only as safe… Read more »