freight forwarders
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10 Ways to Thrive in 2025’s Uncertain Times – The Ultimate Logistics Profit Playbook
Stay ahead in 2025 with Cargofort’s Logistics Profit Playbook. From improving packaging and rethinking cost transparency to mastering niche markets, learn 10 essential strategies to grow your logistics business.
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How Institute Cargo Clauses Impact Cargo Insurance and Logistics – A Guide for Cargo Owners and Freight Forwarders
Discover the essentials of Institute Cargo Clauses
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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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