Ordinary or extraordinary?
Basic issues under a marine cargo policy set at rest by the Supreme Court
Marine cargo insurance
Marine cargo insurance
Marine cargo insurance
Oil oil everywhere….
Crude carriers being used as Floating storage brings new challenges to cargo underwriters
Marine cargo insurance
Coronavirus -Challenge 3
Does cover under ITC continue for cargo on trucks stranded on roads due to the 21-day lock-down?
Marine cargo insurance
Coronavirus – Challenge 2
Pecular situations arising out of the lock-down leave assureds surprised or disillusioned
Marine cargo insurance
Coronavirus – Challenge 1
One situation arising out of the coronavirus threat & finding answers for that in the marine cargo policy
Marine cargo insurance
The ‘Agreed value’ mystery
Any insurance beginner who has learnt it in theory or a seasoned marine insurance practitioner will tell you, or rather it will roll off the lips nonchalantly that Marine cargo insurance is an ‘Agreed Value’ policy. What exactly does this mean, you query and the answer is ‘ Marine cargo policy can include profit as
Marine cargo insurance
Basis of valuation in cargo policies
Convention needs to be broken. Do away with the additional 10% under BOV of marine cargo policies
Marine cargo insurance
All about shortages & weighments
Losses due to shortage, pilferage or thefts constitute a significant portion of cargo losses during transit. This can take different forms like theft from the truck, theft from the container, theft during the period when the cargo is awaiting stuffing at ports/yards and in many cases there could be unexplained shortages. If there is an
Marine cargo insurance
Brand, Control and Fear
Brand protection clauses are necessary but the need is to understand the wordings correctly and charging the right price for the same