Publications
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E-CMR is gaining momentum with its benefits in Germany – See how!
The context🚛 W e currently find ourselves in a key moment for the logistics industry. Every stakeholder within the global supply chine is searching for innovative solutions that would contribute towards their efficiency in order to become more competitive in this dynamic market. In addition, the governments of European states are carefully observing how companies’ needs are changing while the markets are developing in order to provide appropriate legislative solutions in order to support domestic firms. The last instance which portrays this tendency of a state contributing towards a positive change within the transport sector is Germany, who, as of the 5th of April, adopts the digital waybill – E-CMR, becoming the 31st government which has implemented the E-CMR Protocol of the CMR Convention.[1] The Causes 🗺️ “The benefits of the digital waybill are obvious. It will contribute towards a faster and more efficient supply chain, all the whilst making life easier not only for logistics companies, but for every individual client.” confirms Andreas Schauer – Germany’s minister of transport and digital infrastructure after having adopted the E-CMR Protocol.[2] In reality, digital waybills offer additional comfort for all stakeholders in two fundamental areas – decreased expenses and clear-cut transparency…
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What are the Responsibilities of the Freight Forwarder?
1. What is Forwarder’s Liability Insurance? This type of insurance product is chosen by owners and managers of forwarding companies who want to run a successful and sustainable business, despite the risks they take in carrying out their activities. “Forwarder’s Liability” insurance covers the contractual liability of the insured company for the transport, forwarding and logistics contracts it concludes with its customers. This is because the freight forwarder is liable not only for damages caused by its employees, but also for those caused by its chosen subcontractor. This condition is valid for any type of contract and transport and is regulated by the applicable transport law or Convention. For example, in the case of a land transport contract, Art. 3 2 of the CMR Convention 3 defines this condition. Why do we mention contractual liability? Precisely because it is the basis of the type of coverage and the series of insured risks that are mandatory for this policy to be an efficient tool in case of damage. A little below we will pay special attention to this topic. 2. Why is Forwarder’s Liability Insurance necessary for every forwarder on the market? Like many other insurances, this one is also…
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Is CARGO THEFT the most significant financial risk for road carriers?
Unfortunately, cargo theft is an increasingly common occurrence in the daily life of carriers. Even just one such event could have significant negative consequences for transportation companies. It is for these reasons that this article will focus on cases that are repeated many times in practice. We will also address useful preventative measures that can be taken to reduce the chance of such events occurring.
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What is valuable to know about “Cargo Insurance” in 2022?
1. What is Cargo Insurance? 🤔 Cargo Insurance is a risk management tool designed for cargo owners, traders, freight forwarders and logistics companies. It provides protection for goods during transport. This is the most reasonable and safe way for companies to ensure that they are compensated for the exact value in an event of loss. Businesses that choose cargo insurance instead of keeping their fingers crossed for their shipments are aware of the many drivers in the transport chain. They are familiar with the many variable conditions and the likelihood that their cargo will be damaged or devalued by an external event. Does that mean they are negative, thinking that the worst could happen? Fortunately – no! Rather, it is market knowledge and realistic judgment. Statistically, very often something goes wrong with transports and losses occur due to unforeseen events. The leading idea of cargo insurance is to provide peace of mind when it comes to events during transport. The fact that you may have never had theft or damage to your cargo does not reduce your overall risk exposure. To understand why this view is incorrect, we need to look at how many problems there are annually with basic…
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