Our team of legal experts give you inside info on the legal world of cargo claims – from how to avoid losses and prevent cargo claims to taking pictures that can win a court case.
Whether a carrier can limit liability will depend on the value, weight, and particulars of the cargo as described in the bill of lading.
If the shipper understands how this works, he won’t have to skip a beat on “package limitation” when claiming for fair compensation from the liable party for lost or damaged goods during transit.
Cargo thieves enjoy increasing container volumes after COVID 19 because the shipping volume of desirable goods increases, as does demand. What’s targeted: electronics, clothing, and apparel, foodstuff, and beverage are really popular because it is easy to resell. Perfumery and cosmetics are frequently pilfered as well due to IMO class #3 labels on the side container panel of the container.
If the importer understood the type of damage they have faced, they would present only relevant evidence to the shipping line, and there would be a greater chance to obtain compensation from the liable party
One way to lower insurance premium is to agree to a higher deductible so you take on more initial liability and the insurer takes on less. Another is to eliminate optional coverage lines that you might not need.