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In 2013 the biggest shipping loss to date occurred on the MOL Comfort. There is no guaranty that your goods will make it across the ocean when transporting via cargo ship. This cautionary tale...
A Maersk container ship ran aground while traveling through the Strait of Messina in Southern Italy. Early morning on Tuesday, January 10th, the 9,000 TEU container ship, Gustav Maersk, ran aground....
There are many dangers that can be encountered during any international trade supply chain. The following is a real life example of an unpredictable situation at sea and how you can protect your...
It can be difficult to understand the concept of General Average in international trade, especially when you have not yet experienced this type of claim for yourself. Read this real-life example of...
Typically, "seized by Customs" brings to mind the usual suspects; gold, jewels, counterfeit goods, even people. However, there exists a whole world of unique and strange "things" that get...
General Average is one of the more interesting and yet misunderstood laws involved in the international trade industry. What is General Average, and why would an importer or exporter need to...
Marine cargo insurance is an excellent risk management tool when used efficiently, but some business owners do not have a full understanding of the importance of having a policy. Most global...
The holiday season can mark an increase in the risk of Cargo Theft during a company's supply chain. It is important to watch out and be prepared in order to protect your goods and your investment....
All supply chains are unique. In many cases, the complexity of a supply chain and its security parameters permit gaps and, in turn, increase the theft risk of your freight. Certain cargo, such as...
You may be surprised to learn that the home-field advantage doesn’t really apply to the U.S. Of course, risks also exist on the high seas. Containers and their goods are damaged every day while in...