Risks and Rewards: Risk Management Strategies

A Behind-the-Screens Look at Air Cargo

Q: I am an air consolidator and arrange to ship cargo to domestic and international destinations. I understand that the Transportation Security Administration is developing a system to subject 100 percent of domestic and international cargo to security screening. Are you familiar with this initiative, and how will it affect my operations? A: Last year, […]

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A Matter of Life and Death

Q: I am a freight forwarder providing a service in which I deliver ISO tanks to my customer, who fills them with hazardous liquids and gas. Once the tanks are filled, I arrange to have them transported from my customer’s facility to their destination, usually in a foreign country. I recently read about a case […]

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Taking on One-Offs

Q: I operate a marine terminal, and I have an insurance policy with a $1-million limit to cover loading and discharge operations. A customer wanted me to discharge a heavy piece of machinery valued at $75 million. When I asked my insurance company to increase its limit just for this one operation, it refused to […]

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2008: Applying What We Learned

In this last column of 2007, I thought I’d look back at some practical issues addressed last year, and speculate on future trends in supply chain risk and liability. Insurers will broaden their scope. In October, we heard from a logistics operator whose business grew, through an acquisition, from handling and transporting air cargo to […]

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Filing Claims: Time Is Not on Your Side

Q: My company imports ceramic products from around the world. One shipment arrived at our warehouse filled with crushed boxes – inside, the contents were completely shattered. It appeared that the container was mishandled and possibly dropped during transit. We took inventory of the damaged items and submitted a claim to the ocean carrier. We […]

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