Delays, Fires, Theft, Spoilage –Making sure your cargo is protected!

Who Made God Mad?

In Carriers We Trust

•Liability is a two part agreement –

scope of responsibility & monetary

recovery.

I’m Protected…So Says the COI

Does not represent

the carrier’s liability.

Not a governing document!

Carrier’s insurance may have significant exclusions.

Loss Payee/

Additional Insured Status.

Evidence of insurance

only.

All Cargo Policies ARE NOT Created Equal

The Incoterms say I am not responsible!

Doesn’t Matter!

• Unpaid Export Invoices – loss/damage to cargo.

• Paid import invoices – loss/damage to cargo.

Cargo owner could have secondary risk or a combination of primary and secondary risks.

Sales Contract terms may differ from Incoterms responsibility.

Spoilage, Decay & Deterioration

• Insurance coverage is triggered by refrigeration stoppage or

breakdown not delay

• The Refrigeration Clause may include:

• Frozen and fresh goods

• Time period for coverage to trigger

• Acts of negligence

• Temperature recording warranties

• Temperature or Atmospheric conditions

Who is in control of the goods after a claim payment?

How long do I have to file a claim if no

one has opened the shipment

If there is no evidence of theft or

pilferage yet the cargo is short do I have coverage?

Do I really only have 15 days for the cargo to arrive or at most

30 days after discharge?

Does the recent tariffs impact my

shipment value and policy limits?

Kick the Tires!

Closing Thoughts