War Risk Insurance for Cargo Offered
DP World has launched what is says is a first-of-its-kind cargo war risk insurance solution to help businesses navigate disruption across Middle East trade routes, where traditiona...
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DP World has launched what is says is a first-of-its-kind cargo war risk insurance solution to help businesses navigate disruption across Middle East trade routes, where traditiona...
Insurer says contract spelled out exactly what cargo coverage the trucker had to carry
Forwarders appear less concerned than insurance firms at the present state of cargo coverage, amid warnings that the war in the Persian Gulf has exposed the frailties and fragmente...
In logistics, cargo claims are more than an afterthought – they’re a financial inflection point. Goods can be lost, stolen, or damaged in transit before receipt, and navigating lia...
Tapping into discordant feelings surrounding cargo coverage, DP World has launched an end-to-end war-risk insurance product, which it claims will close “critical gaps” in the freig...
Two pallets of car parts allegedly never made it - now an insurer wants its money back
A few weeks ago, I was reviewing a client’s open cover policy, a fairly standard exercise, when I found myself rereading the Institute War Clauses Cargo from 2009, cross-referencin...
Insurance for cargo and oil vessels stuck in the Strait of Hormuz has skyrocketed. How can insurers help us understand the realities of the war with Iran?
Local BCOs are adopting a wait-and-watch strategy until there is greater clarity regarding cargo insurance costs and vessel passage through the Strait of Hormuz before committing t...
Local BCOs are adopting a wait-and-watch strategy until there is greater clarity regarding cargo insurance costs and vessel passage through the Strait of Hormuz before committing t...
Missing tests became an issue after resale
For nearly a century, the United States Carriage of Goods by Sea Act (COGSA) has granted ocean carriers the right to limit their liability to $500 per package. Yet, because the sta...
Shipowners are seeking insurer input before fixing vessels, signalling a structural shift in how global coverage risk is managed
Insurer paid the claim. Now it wants the logistics firm to pay it back
The Trump administration has worked out a co-insurance arrangement to provide war risk cover for shipping in the Strait of Hormuz and Arabian Gulf, t...
Midsize importers are generally satisfied with the base rates contained in their 2026–27 service contracts, but many are at the mercy of ocean carriers as to how emergency fuel sur...
One carrier allegedly accepted the tender "without reservation" - then went quiet when invoices arrived
Shipowners are placing “huge volume requests” for insurance cover as they look to transit the Strait of Hormuz following the U.S.-Iran ceasefire deal.
An FMC judge ruled the carrier committed several violations of US shipping law, including unreasonable practices, failure to meet service commitments, and refusal to deal with the...
They include a new head of US ocean cargo and head of professional liability
Shippers reluctant to accept additional bunker costs might have their hand forced by a healthy breakbulk and project cargo pipeline, market participants say.
The upcoming implementation of Article 295 of China’s revised Maritime Code on 1 May is drawing cautious attention across the shipping industry, with legal experts suggesting it co...
As conflict in the Middle East sends marine insurance costs surging, Hong Kong has an opening to prove that it is more than a port city by becoming a trusted centre for risk pricin...
LONDON: London shipping insurers have agreed to provide $1 billion in extra coverage for vessels sailing through the Strait of Hormuz, a crucial trade route paralysed by the Middle...
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