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The Marine cargo industry is constantly evolving, and with it, the regulations governing marine cargo claims. It is important for those involved in the marine cargo industry to stay up to date on these regulatory changes in order to protect their interests.
Recent regulatory changes
There have been a number of recent regulatory changes that have affected marine cargo claims. These include:
- The introduction of new insurance requirements for certain types of cargo
- Changes to the liability limits for marine carriers
- New dispute resolution and claim handling procedures
- Sanctions
Why it’s important to be updated?
These are just a few of the recent changes affecting marine cargo claims. These regulatory changes can have a significant impact on the outcome of a marine cargo claim. For example, if a new insurance requirement is not met, the claim may be denied. Or, if the liability limits are changed, the amount of compensation that can be awarded may be reduced. Most importantly, being updated helps plan accordingly and not to expect claim payout, when coverage is not granted.
How to stay updated?
There are number of ways to stay updated on regulatory changes, these include:
- Reading industry publications
- Attending industry events
- Consulting with a marine cargo claims expert such as Recoupex
- Follow industry associations on social media
Marine cargo industry is constantly changing. By staying up to date on regulatory changes, those involved in the marine cargo industry can protect their interests and ensure that they receive the compensation they deserve if their cargo is damaged or lost.
Recoupex is a hub of transport lawyers – experts in cargo claims. We assess your case quickly. We have successfully recovered claims from Maersk, Sealand, Hapag-Lloyd, Mediterranean Shipping Company – MSC, CMA CGM, and other carriers.
