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Transport insurance for international trade

Transport insurance for international trade Whether you’re buying or selling goods to or from international markets, there is always a risk of delay, damage, loss or theft during transit. This article will describe how to make arrangements before the problem happens. We will see the various clauses in insurance contracts, details about the strategy to take and how to contact the insurance in case of litigation. The importance of insurance Cargo insurance Cargo insurance covers goods in transit by road, rail, sea or air. In its simplest form, it provides

Risk management Insurance

How to manage insurance for international freight ? The terms of sale agreed in a commercial transaction defined who is responsible for the shipment of goods. In other words, they specify who – the buyer or the seller – pays for: – The acquisition of documents – Licenses and Permits – Freight forwarding agent – Customs duty and taxes The terms also show how the risk of loss or damage will be managed. They specify the delivery points of the cargo and how the risk is transferred

procedures insurance

Procedures in Insurance Liability insurance for freight forwarders Many traders use the freight forwarder company to run out insurance. It simplifies procedures, since these companies provide all transportation services that goods need: booking the pick up of goods, packaging, storage and customs clearance. Freight forwarders typically have limited liability for all claims for loss or damage during the shipment. When other parties (such as transmission lines, airlines or trucks operators) are involved in a dispute, they come into contact with the insurance to settle disputes. It is often difficult

Airport in Thailand

Thai airport infrastructure An increase of international passenger numbers, combined with a strong domestic traffic, led Thailand to accelerate its program of investment in airport infrastructure. Thailand is facing a slower growing number of traveler in the last 18 months, due to the recent political events. The figures show that while domestic traffic rose 16.1%, the increase was offset by a 5.6% decrease in international passengers. Overall, the six airports run by Airports of Thailand (AOT) experienced an increase of 37.8% in

Ports in Thailand

Ports in Thailand Thailand has a coastline of 3219 km with over 4,000 km of waterways. Major ports of Thailand : – Bangkok – Laem Chabang – Map Ta Phut – Rayong – Phuket – Songkhla – Sattahip – Si Racha The development and management of all major ports in Thailand depend on the Port Authority of Thailand (PAT). At present, there are eight international ports in operation, including four private ports equipped and approved for handling containers. Port Authority of Thailand (PAT) The Port Authority of Thailand (PAT) is a public

Bangkok

What is Bangkok? Bangkok is the capital and largest city of Thailand. This city is known in Thailand under the name “Krung Thep”. The city spans over 1,600 square kilometers in the delta of the Chao Phraya River in central Thailand. It has a population of over 8 million, or 12.6% of that of the country. More than 14 million people (22.2 percent) live in the Bangkok Metropolitan Area. Bangkok is a city in Thailand, or “everything” happens. The history of Bangkok Bangkok has

ASEAN

What is ASEAN? ASEAN (Association of Southeast Asian Nations) was established August 8, 1967 in Bangkok, Thailand, with the “Declaration of ASEAN” (Bangkok Declaration) by the Founding countries namely Indonesia, Malaysia, the Philippines, Singapore and Thailand. Brunei Darussalam then joined the group January 7, 1984, Viet Nam, July 28, 1995, Laos and Myanmar July 23, 1997, and finally Cambodia April 30, 1999. Goals and Objectives As written in the Declaration of ASEAN, ASEAN’s goals and objectives are: – To accelerate economic growth, social progress and

Freight fowarder

What is an International Freight Forwarder ? Import and export are essential for many businesses. International shipping may represent great business opportunities, but the processes, paperwork and regulations involved can also seem very hard. However, you can be an international shipper accomplished without facing the pure logistics. Then comes the role of Thailand international freight forwarders This article will cover the basics of what a freight forwarder is, what are these features and why you should use one. What is a freight forwarder? This is a company specialized in

Incoterms

Incoterms 2017 The Incoterms rules or International Commercial Terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC). They are widely used in International commercial transactions or procurement processes. A series of three-letter trade terms related to common contractual sales practices, there are intended primarily to clearly communicate the tasks, costs, and risks associated with the transportation and delivery of goods. The Incoterms 2016 are organized into two categories: for all modes of transport: EXW – Ex Works FCA –

Containers Thailand

Shipping Containers from/to Thailand An intermodal container is a great standard shipping case, designed and built for intermodal freight transport, which means these can be used in different modes of transport – ship, rail or truck – without unloading / reloading their cargo. Intermodal containers are mainly used to store materials and transportation efficiently and safely. These containers are known by several names: cargo container or cargo container ISO… Intermodal case are available in different types and a number of standard sizes, but 95% of