Every business has its own legal and client-related liabilities that require careful consideration. The same holds true for transport operators providing national and international logistics solutions to clients from different industries. In particular, the challenges related to the work of Multimodal Transport Operators or MTOs are quite complex. They are engaged in transporting goods via […]
Types of Insurance Oil Companies must take for offshore assets.
The oil and gas industry is highly diverse, with numerous subsets requiring specialised insurance coverage. As a result, insurance for oil and gas professionals and businesses can be complex. In addition to standard policies that most businesses use for protection, oil and gas companies require tailored insurance policies to cover specific equipment and services. Effective […]
What are the advantages of freight forwarders’ Insurance over shipping agents’ Insurance?
The delivery of cargo is a complex process that involves thousands of ships, planes, trucks, and trains, moving goods from one location to another. To move cargo from one location to another, companies rely on freight forwarders. Freight forwarder meaning an agency that ships or receives goods on behalf of other individuals or companies for […]
Video- Why do you need a Specific Transit Insurance Policy?
Importance of Specific Transit Insurance cover In the world of international trade, shipments face various risks during transit. One effective solution to protect consignees from potential losses is Specific Transit Insurance. Join us on a journey as we explore the importance of Specific Transit Insurance cover, its types, and advantages of this crucial transport insurance. […]
Marine Insurance And International Arbitration
With a long coastline of 7500 kilometers, spanning across 9 states and 4 union territories, India has a rich history in the marine trade. Several merchants and traders came to India for the trade of spices, textiles and jewelry. To encourage safe trading, today maritime business is governed by some regulating bodies across the world. […]
Who is Covered Under Multimodal Transport Operator (MTO) Insurance Cover?
Every business has its own legal and client-related liabilities that require careful consideration. The same holds true for transport operators providing national and international logistics solutions to clients from different industries. In particular, the challenges related to the work of Multimodal Transport Operators or MTOs are quite complex. They are engaged in transporting goods via […]
What Is International Cargo Insurance & why should you consider buying it?
International trade involves sending goods overseas via rail, road, sea, or air. Today, international trade is the norm with globalisation and online shopping. However, the transport of goods over great distances invites great risk. Hence, international cargo insurance is the best way for businesses to protect their investment. What risks do businesses face when shipping […]
What is the Marine Insurance Act of 1963?
One of the most crucial components of international commerce and trade is marine insurance. The transport of goods over water is especially dangerous as there are many dangers, from natural hazards and weather-related issues to cross-border issues and even piracy. Hence, at every stage of operations, marine insurance is a necessity and is subject to […]
Importance of specific transit insurance policy – Infographic
Specific transit marine insurance offers wide coverage to the transported shipment. It offers protection against a wide range of perils which may result in huge financial loss. Importance of specific transit insurance policy, Infographic below, elaborates on the subject. There are several reasons why you might need a specific transit insurance policy: To protect against […]
Why do I need a specific marine policy?
Marine insurance is a comprehensive and extensive domain in insurance with a wide scope of coverage. There are various types of marine insurance and businesses can customise these policies per their needs. The policy can provide open insurance coverage to large exporters whose business involves routine shipping over a specific period. If your business demands […]