Designing apt Marine Cargo Open Cover program for clients based on
cargo shipment management, transit turnover and INCOTERMS.
Design and arrange apt inbuilt ‘Stock Throughput Cover’ for clients with
special cargo warehousing and distribution requirements.
Advise on proper Vessel Selection based on its classification, registration,
deployment, management and age status. This is very crucial to prevent
risk of deploying overage or unclassed vessels which may hamper
recovery prospects of claim from the Insurance Company and in some
cases even the carrier. Also, compliance with such advise on proper
vessel selection avoids payment of Vessel Overage Extra premium under
cargo insurance which may be as high as 10 times of your basic marine
cargo insurance premium.
Advise on selection of apt and adequate ‘Per Bottom / Per Sending’ and
‘Per Location’ limits under Marine Cargo Open Cover
Advise on ‘Shipment Scheduling’, ‘Ship Movement Tracking’ and
‘Accumulation Risk Control’ to facilitate appraisal, monitoring and control
of cargo risk exposures.
Advise on ensuring aptness of Contract of Affreightment, especially where
Charter Party Agreements and Multimodal Contracts of Carriage are
involved.
Advise
on
cargo
packing,
packaging,
palletizing,
unitizing
and
containerization issues to prevent and control losses, damages, pilferage
and cargo frauds.
Facilitate Pre-shipment Surveys, Supervisory Loading and Discharge
Surveys for high valued consignments, over dimension cargo and where
client is experiencing frequent losses due to pilferage, compression
damage and shortages.
Render regular value-added advise on prevention and control of cargo
losses and frauds.
Advise on proper compliance with Letter of Credit requirements for Cargo
Insurance to ensure smooth processing of LC related cargo shipments.
Advise on apt selection of INCOTERMS and corresponding cargo
insurance protection as may be required especially based on the
country(ies) our client trades with.
Advise and update our clients on cargo insurance regulatory requirements
of various countries our clients trade with to ensure proper legal
compliance.
Ensure timely processing and delivery of Cargo Insurance Policies and
Certificates in line with client’s documentary requirements
Ensure timely and close coordination with Insurance Companies,
Surveyors and Loss Adjusters to ensure that our client’s cargo claim is
timely surveyed, processed and finalized as per policy terms and
conditions.
Conducting regular Customer Education Workshops and Seminars on
Cargo Insurance Cover and Claims Management, LC Compliance Issues,
INCOTERMS etc. to clients to foster comprehensive knowledge on the
issues of concern and ensure smooth compliance of procedural formalities
at the time of any claim.
