100 Cargo Claims Answers

100 Cargo Claims Answers

Delve into Loss & Damage / Claims & Procedures / Insurance & Liability / Documentation & Policies

Bookmark for invaluable insights!

What’s inside?

Simplified answers every Cargo Shipping Professional should know.

Here’s a sneak peek:

LOSS & DAMAGE

1. What are common causes of cargo loss?
→ Weather events, theft, mishandling, equipment failure, and accidents.

2. How can shippers prevent cargo damage?
→ Utilize sturdy packaging, avoid overloading, and select reliable carriers.

3. What's the difference between partial and total loss?
→ Partial loss pertains to damage; total loss means complete destruction or disappearance.

4. How do you assess the value of damaged goods?
→ Analyze market value, invoice cost, and the extent of damage for compensation determination.



… (get answers 5-25 in the Cheat Sheet below)


CLAIMS & PROCEDURES

9. Why might some cargo claims be rejected?
→ Due to insufficient evidence, policy exclusions, or late claim filing.

10. How is a claim amount usually calculated?
→ Based on cargo's documented value, extent of loss, and contract terms.

11. How can shippers reduce the risk of cargo claims?
→ By using reliable carriers, proper packaging, and adequate insurance.

12. What's the significance of claim documentation?
→ Essential for claim verification, providing a record of loss/damage.

13. Why might carriers contest a cargo claim?
→ To avoid or reduce payouts, especially if they dispute liability.

… (get answers 14-25 in the Cheat Sheet below)


INSURANCE & LIABILITY

11. What role do insurance adjusters play in claims?
→ Assess damage extent and determine compensation amounts for insurance claims.

12. How can shippers minimize their liability?
→ By using clear contracts, quality packaging, and choosing reputable carriers.

13. What is the significance of 'Burden of Proof in cargo claims?
→ It's the responsibility of the claimant to prove the carrier's liability.

14. How does a deductible influence insurance premiums?
→ Higher deductibles typically lead to lower premiums, shifting more risk to the insured.


… (get answers 15 -25 in the Cheat Sheet below)


DOCUMENTATION & POLICIES

16. How does an Import License control trade?
→ It authorizes specific imports, aiding in regulation and industry protection.

18. What's the significance of an Export Packing List?
→ Provides packaging details, vital for customs, safety measures, and unloading.

19. Why are Dangerous Goods Declarations crucial for hazardous cargo?
→ They adhere to safety regulations, guaranteeing appropriate cargo handling.

20. How does a Temporary Shipment document like ATA Carnet work?
→ Allows for duty and tax-free short-term imports for special purposes.

… (get answers 21-25 in the Cheat Sheet below)