Incoterms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) that are widely used in International commercial transactions or Procurement...
6 More Incoterms Every Importer Should Know
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Marine Commodities & Underwriting: Part 2
As promised, here's more imported commodities with high risk. Listed below are a number of marine commodities that may require additional underwriting due to elevated risk. As an importer, it's best...
Marine Commodities & Underwriting: Part 1
Do you know the risk of your imported marine commodities? Listed below are a number of commodities that may require additional underwriting due to elevated risk. As an importer, it's best if you're...
Introduction to General Average
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
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...
Cargo Theft – Keep a Watchful Eye this Thanksgiving
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....
Cargo Risks: From the High Seas to the Home Front
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...
Managing the Risks of International Trade
Marine Cargo Insurance covers the loss, damage or theft of goods while in transit. Direct losses are only the tip of the iceberg as indirect losses are even more drastic to your company’s bottom line. Managing direct losses will help offset the effects of indirect losses.