My wife Cyndi and I occasionally shop at a local warehouse store (Sam’s Club) when we feel we need a decade’s supply of bathroom tissue and paper plates. This past Saturday was the day of one of those bulk procurement trips. After we finally got around the traffic jam created by the obligatory car parked… Read more »
Category: Misc.
Already August and Fuel is Still Cheap!
Back in January of this year I published an article on LinkedIn called ‘Gas is cheap and this is my new grocery getter!’ that was not published in our website blog. In the article I mentioned low oil prices may slide all the way through summer. Instead of me paraphrasing my January article it would… Read more »
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 Strangest Things People Insure [Infographic]
Ever have that deer in headlights look before? You just don’t know the answer to the question when your boss calls you out in the meeting? Or you can’t decide if you should “Go Large” on your meal at the fast food restaurant and the cashier is staring at you, tapping her foot below the… Read more »
What on earth do we mean when we say “Incoterms?”
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 »