Shipping Firms Adopt New Strategies to Reduce Ocean Cargo Losses

Shipping Firms Adopt New Strategies to Reduce Ocean Cargo Losses

Ocean freight risks are increasing, making cargo more vulnerable. Strengthening risk management, purchasing cargo insurance, and improving contracts are crucial. Cargo insurance provides essential protection. Choosing the right insurance policy can effectively mitigate potential losses during ocean transportation. It's a vital safeguard against damage, theft, or other unforeseen events that can occur during the long and complex journey of goods across the seas. Proactive risk assessment and appropriate insurance coverage are essential for businesses involved in international trade.

11/03/2025 Logistics Encyclopedia
Read More
US Sues Baltimore Bridge Owners for 100M Over Collapse

US Sues Baltimore Bridge Owners for 100M Over Collapse

The U.S. Department of Justice is suing the owner of the vessel involved in the Baltimore Key Bridge collapse, seeking over $100 million to recoup federal costs incurred in responding to the incident. The lawsuit alleges negligence on the part of the owner, leading to safety deficiencies on the ship. The owner denies fault and is seeking to limit liability. The U.S. government has pledged to support Maryland in rebuilding the Key Bridge. The legal battle is expected to be lengthy and complex, focusing on determining the extent of responsibility for the disaster.

11/03/2025 Logistics Industry Insights
Read More
Air Cargo Damage Claims Case Study and Guidance

Air Cargo Damage Claims Case Study and Guidance

This paper analyzes the claim process and key considerations through a case study of damaged air freight import goods handled by Da Shun Company. It emphasizes the importance of insurance coverage and crucial steps following damage, including evidence preservation, timely reporting, and active cooperation. The different types of international cargo insurance are also introduced. Furthermore, it highlights Da Shun Company's strengths in logistics and insurance services, providing a comprehensive overview of navigating air freight claims and the benefits of proper cargo insurance in import logistics.

08/21/2025 Logistics
Read More
EXW Delivery Risks and Responsibilities Explained

EXW Delivery Risks and Responsibilities Explained

This article discusses risk management and liability mitigation measures in the EXW shipping process, including clarifying delivery locations, improving contract terms, strengthening document management, and appropriately allocating insurance. The aim is to ensure smooth deliveries in international trade and reduce potential disputes.

02/20/2025 Logistics Encyclopedia
Read More
10 Strategies to Mitigate Supply Chain Risks in Cargo Transport

10 Strategies to Mitigate Supply Chain Risks in Cargo Transport

This article delves into the importance of cargo insurance and provides ten strategies to help businesses build a stronger cargo risk management system. These include understanding insurance mechanisms, establishing tracking systems, optimizing packaging, selecting reliable carriers, strengthening risk assessments, developing contingency plans, familiarizing oneself with claims procedures, staying informed about industry trends, considering trade credit insurance, and paying attention to 'General Average' risks. By implementing these strategies, companies can mitigate potential losses and ensure the security of their supply chains.

11/03/2025 Logistics Encyclopedia
Read More
Guide to International Shipping Insurance Coverage Options

Guide to International Shipping Insurance Coverage Options

This article delves into the three main types of international express delivery insurance: basic insurance, comprehensive insurance, and customized insurance. It details the differences in their coverage and provides professional advice for companies when choosing an insurance plan. The aim is to help businesses effectively manage cargo transportation risks in international trade and achieve a balance between protection and cost. Understanding these insurance options is crucial for mitigating potential losses and ensuring smooth global logistics operations.

11/03/2025 Logistics
Read More
Global Shipping Insurance Key Strategies to Avoid Risks

Global Shipping Insurance Key Strategies to Avoid Risks

Declared value insurance for international express is not a panacea. Comprehensive evaluation is needed based on cargo attributes, transportation routes, and compensation terms. High-value goods and high-risk routes benefit from insurance; low-value goods and mature routes may not require it. Understand the limitations of declared value insurance and consider alternative solutions like third-party insurance or specialized logistics. Make rational decisions to mitigate risks. It's crucial to analyze the specific needs and circumstances before opting for declared value insurance to ensure adequate coverage and avoid potential disappointments.

11/03/2025 Logistics Encyclopedia
Read More
US Air Express Firms Face Air Freight Insurance Claims Challenges

US Air Express Firms Face Air Freight Insurance Claims Challenges

This article provides an in-depth analysis of U.S. air freight line cargo insurance, covering key aspects such as claim scope, hidden limitations, claim procedures, and deductibles. It aims to help businesses mitigate transportation risks, avoid claim pitfalls, and achieve safe and efficient cross-border transportation of goods. Choosing the right insurance plan is crucial to ensuring worry-free coverage and truly safeguarding your shipments. Understanding these elements empowers businesses to make informed decisions and protect their valuable cargo during air freight transit.

11/03/2025 Logistics
Read More
Ecommerce Sellers Guide to Essential Shipping Strategies

Ecommerce Sellers Guide to Essential Shipping Strategies

New cross-border e-commerce sellers should pay attention to transportation time, cost process, cargo safety, customs clearance, delay charges, insurance, communication and coordination, and inventory management when engaging in international shipping. Understanding these aspects and taking corresponding measures in advance can reduce risks and improve logistics efficiency, thereby supporting cross-border e-commerce business. Key areas include optimizing shipping routes, securing cargo insurance, and maintaining clear communication with freight forwarders to avoid costly delays. Careful planning is crucial for success.

11/03/2025 Logistics Encyclopedia
Read More