Like any form of insurance, the business Credit Shield is purchased to avoid a large loss that could impair the performance of your company. Despite a company’s best efforts, large or catastrophic losses occur from: One large long-term buyer unexpectedly failing A significant change in the market or economy, where a number of buyers become […]
The Business Credit Shield provides your business with protection against failure of your customers to pay their debts. It is also a risk management tool that can provide concrete solution for the trade expansion issues you are considering. This Policy introduces a path-breaking concept into the field if insurance – the concept of joint credit […]
INTRODUCTION Your sights are firmly set on steering your business in the right direction, getting new contracts under your belt, achieving growth and increasing profits. The continuous expansion of world trade demands that your business must be increasingly competitive, notwithstanding a steady stream of economic and political difficulties. Prospects for increasing business can be significant, […]
“Ryan Recorder” The Ryan Recorder is enclosed in the confinement of the container or trailer and will record on a chart the temperature exposures of the cargo during the entire transit period. “Tip and Tell” or “Tilt Watch” The Tip and Tell, or Tilt watch is affixed both to the cargo as well as external […]
When surveyors are handling cargo losses, it is often found that shipping documents are improperly prepared, which can result in underwriters not being able to settle the claim under the terms and conditions of the policy of insurance, or underwriters not being able to properly subrogate of the policy of insurance, or underwriters not being […]
Before going into details as to how to take measures to prevent or reduce various damages and losses sustained to cargo while same is in transit by air, ocean,barge,rail,truck or while in storage, we should first of all, look into the various type of damages and losses generally experienced to cargo. There are, of course, […]
Unlike automobiles with the “Kelly Blue Book” and to some extent pleasure yachts, which use the “powerboat Guide” commercial ships do not have a generally recognized common value reference source. The reason for that is the commercial ships have to be evaluated on a variety to different levels to ascertain a real market value. There […]
INSTITUTE MALICIOUS DAMAGE CLAUSE (01/08/1983) In consideration of an additional premium it is hereby agreed that the exclusion ‘deliberate damage to or deliberate destruction of the subject – matter insured or nay part thereof by the wrongful act of any person or persons” is deemed to be deleted and further that this insurance covers loss […]
Different types of records are made continuously and some of the records are broken without much efforts; however, some of the records are created with an intention that its name should be listed in Guineas insurance-education of World Records or at least in the Limca insurance-education. However, some of the activities of Personnel, Organizations or […]
1. Where the consignor hand over the prescribed dangerous goods to a multimodal transport operator or any person acting on behalf of such operator, the consignor shall inform him of the nature of the dangerous goods and , if necessary, the precautions to be taken while transporting such goods. 2. Where the consignor fails to […]