All Risks, WPA, FPA — What Do They Really Mean?
All Risks, WPA, FPA — What Do They Really Mean? When shipping goods internationally, one of the most confusing aspects for exporters and importers alike is understanding marine cargo insurance terms—especially All Risks, With Particular Average (WPA), and Free from Particular Average (FPA). These terms define how much protection your cargo actually has in the […]
Understanding General Average in Marine Insurance
Understanding General Average in Marine Insurance In international shipping, General Average (GA) is one of the most important but often misunderstood concepts in marine insurance. It refers to a situation where all parties involved in a maritime venture—shipowner, cargo owners, and sometimes insurers—share proportionally in the losses resulting from a voluntary sacrifice of part of […]
Subrogation in Marine Insurance Explained
Subrogation in Marine Insurance Explained Subrogation is a cornerstone of marine insurance practice—yet it’s widely misunderstood by shippers and even some cargo insurers. This article explains what subrogation is, when it applies, and what it means for both shippers and insurers. You’ll find practical steps to protect your interests, real-world examples, and clear actions to […]
Legal Rights of Shippers Under Marine Insurance Policies
Legal Rights of Shippers Under Marine Insurance Policies When cargo moves across oceans, it faces countless risks—from rough weather to handling damage and theft. For shippers, understanding their legal rights under marine insurance policies is crucial to protecting their financial interests when unexpected losses occur. Too often, confusion over policy wording or responsibility between the […]
How Incoterms Affect Marine Insurance Responsibility?
How Incoterms Affect Marine Insurance Responsibility? Incoterms (International Commercial Terms) determine not only who pays for freight and who bears transport costs, but crucially who is responsible for arranging and paying marine cargo insurance, and precisely when risk transfers from seller to buyer. This article explains, in practical detail, how common Incoterms (CIF, CIP, FOB, […]
Marine Insurance vs Carrier Liability: Key Differences
Marine Insurance vs Carrier Liability: Key Differences As a Malaysia-based freight forwarder serving exporters and importers across the globe, we often encounter clients struggling to understand whether carrier liability is sufficient protection—or if marine insurance is a necessity. This article breaks down the key differences between the two from both a practical and legal standpoint, […]
Essential Risk Assessment Checklist Every Exporter Should Follow
Essential Risk Assessment Checklist Every Exporter Should Follow Exporters face a narrow margin for error: one paperwork mistake, an under-insured shipment, or poor packaging can turn a profitable sale into a costly claim. This practical, operation-focused checklist helps exporters systematically assess and reduce risk before goods leave the factory gate. It’s written to answer the […]
How Weather and Sea Conditions Affect Cargo Insurance?
How Weather and Sea Conditions Affect Cargo Insurance? Weather and sea conditions are among the most uncontrollable factors in maritime transportation, directly impacting operational risks and insurance liability. Shippers often ask: How do storms, hurricanes, or prolonged adverse weather affect my insurance coverage? Will specific routes or seasons increase premiums? What measures can I take […]
Top Causes of Cargo Damage in Ocean Shipping
Top Marine Insurance Companies & How to Compare Them Even with modern logistics and advanced shipping technologies, cargo damage during ocean transport remains one of the most common challenges in international trade. The combination of long transit times, fluctuating weather conditions, multiple handling stages, and diverse cargo types means that losses can occur at any […]
How to Minimize Risk During Marine Transportation?
How to Minimize Risk During Marine Transportation? Ensuring the safety of cargo during marine transportation is not just about having the right insurance—it begins long before your shipment leaves the port. From proper documentation to cargo handling, each step in the process can significantly impact the risk of loss or damage. This guide explores key […]