How to prevent the risks and losses of international logistics?

External risk refers to the loss other than overseas transportation, and its degree is divided into partial loss and total loss, but this loss is not determined according to the degree of loss, but is divided into general risk and special risk loss according to the cause of the loss. 

cost

Marine risks also generate costs, mainly relief and rescue costs. The so-called relief expenses refer to the expenses incurred by the insured or its agent or the assignee of the insurance policy to take various measures to avoid or reduce losses when suffering a disaster accident under the insurance liability. The rescue expenses it refers to refers to the remuneration paid to the rescued by the insurer or the three parties other than the insured after taking effective rescue measures.

Maritime loss, also known as average loss, refers to the loss of maritime cargo due to maritime risks during international logistics. Average loss also includes cargo loss during land transportation and inland river transportation. According to the degree of loss, average loss can be divided into total loss and partial loss.

total loss

Total loss, also known as total loss, refers to the total loss, actual total loss and constructive total loss of the insured goods. A true total loss is when the goods are completely lost or deteriorated and no longer have any commercial value. Constructive total loss means that the goods are damaged after the risk, although the actual total loss is not reached, but the actual total loss is unavoidable, or the expenses paid to avoid the actual total loss and the total cost of continuing to transport the goods to the location The sum exceeds the insured value. Total loss shall be determined after verification by the insurer.

local loss

Non-actual total loss and constructive total loss are partial losses. According to the cause of loss, it can be divided into general average and individual average. In maritime transportation, ships, goods or other properties face common danger. In order to relieve the common danger, reasonable rescue measures are taken with a purpose to directly cause special sacrifices and pay special expenses, that is, general average. Because there is no general average nature, the huge loss does not reach the total loss degree, which is called individual average. This kind of loss involves only the unilateral loss of interests of the ship or cargo owner.

According to the insurance regulations, no matter what kind of insurance there is, all losses and general average caused by the maritime risk of international logistics are the responsibility of the insurer. For the presumption of total loss, since the goods are not completely lost, the insured can choose to claim for total loss or partial loss. If it is treated as a total loss, the insured should submit a "Notice of Surrender" to the insurer. The ownership of the remaining subject matter is handed over to the insurer, and after the insurer accepts it, it can be compensated as a total loss.

Of course, no one wants to encounter any loss, but some things are unpredictable. We also very much hope that every transportation process of your goods is foolproof and can be delivered to you safely! If possible, Original Link Logistics would like to cooperate with you in cargo transportation and contribute to the safety of your cargo!