Every little boy has a dream of being an astronaut. The endless space and the adventure just fascinates them. I guess none of them are concerned that this occupation is so dangerous that none of the insurers have had courage to offer life insurance for first astronauts.
Continue reading →
The London market has always been considered as a pioneers in marine insurance. Although, they haven’t been the first one who has issued cargo insurance certificate but they have quickly mastered the art of it. Underwriters in London have been known for willing to take a risk and play with high stakes not like their colleagues in Amsterdam in the early modern age.
Continue reading →
“Ignorance of the law shall exempt no one from liability” – the principal is built in civil law of every democratic country. Logistics industry is no exception and is also governed by laws – international conventions which prevail over national laws. Then why many consignee are confident that just because they receive only a couple of shipments per year, they are relieved from knowing the laws and their duties. Even if being aware of main principles or scope of liability would help to avoid conflicts and would ease off settlement of losses.
Imagine – you, in front of a container. What do you see? Maybe it’s a metal box, waiting to be filled with pallets. Maybe it is a cargo which must be delivered from point A to B. If you asked your customer, it’s a valuable investment for him, the one he has trusted to you. If the goods or equipment don’t reach consignee, there will be loss instead of profit. If the client is the most important for you, would you risk his future? You can carefully plan the route, select only trusted sub-contractors, but can you be 100% certain that you will avoid all the threats? I doubt. Continue reading →
Gediminas Daukša 