Stop me if you heard this one. There was a country called the United States of America brought down to one knee by a pandemic, and one of the things people could do to make themselves feel better was buy stuff. You heard it? Well get ready to hear it again. At least a little. During the time… Read more »
The Importance of Cargo Insurance for Shippers
Why should shippers have cargo insurance? Shippers are in the business of importing and exporting goods. What if something goes wrong? Cargo insurance is a safety net, protecting shippers from potential financial loss. Cargo Theft Rates Are Rising These days, you can’t be too careful, especially when cargo theft rates are rising. There can be… Read more »
If this cargo is destroyed, is it covered? That is contingent on the insurance.
Some time ago an importer in Jacksonville, Florida bought machine product CIF from overseas. For those who are not students of Incoterms, CIF stands for, ‘Cost, Insurance, and Freight’. This means the overseas seller has the responsibility to pay the expense of the inventory, the cargo insurance, and the freight costs for what he sells to the… Read more »
An Introduction to Freight Insurance
Freight typically ends up in many places, handled by myriad people and machines. From freighters to warehouses, the transportation of goods can get quite complex. If you’re shipping items, you don’t want them lost, stolen or broken. Therefore, you should insure your freight. Thankfully, there’s freight insurance which covers damages during the shipping process. Liability… Read more »
Covid-19 triggers switch from ‘full load’ to ‘less than full load’ transportation.
Much of my writing is right here in the TJO Cargo blog. But I do share and originate pieces in LinkedIn Pulse. I looked in my LinkedIn Pulse article archive. Even with articles I removed to use in my books, ‘Biznanigans’ and ‘The Cargo Nerd’s Bathroom Companion’ being sold on Amazon, I realized I still… Read more »
The way to a recovery will be a bumpy ride.
In May 2020 I wrote ‘Container cargo 2020, where we are, and where we may go.’ https://www.tjocargo.com/container-cargo-2020-where-we-are-and-where-we-may-go or https://www.linkedin.com/pulse/way-recovery-bumpy-ride-tom-o-malley/ if you are a ‘Linkedin’ kind of person. In the article I forecast generally horrible conditions to mid-year with a recovery of sorts for the second half of the year. My exact words were, “While the first… Read more »
Container cargo 2020, where we are, and where we may go.
Recently I was asked to do a talk (webinar of course) on the impact of the state of container shipping and the impacts of the pandemic driven shutdowns, I accepted. In preparing for the presentation, as many do, I put my thoughts on paper. With the webinar behind me I realized, while in no way polished, my… Read more »