6 Ocean Cargo Risks That Can Disrupt Supply Chains [SlideShare]
Know the Risks
The annual global financial impact from cargo loss is $50 billion, proving that sometimes bad things can happen to good cargo.* Businesses with international shipments should know the risks to prevent costly supply chain disruptions. Some of these risks include:
- Costly delays resulting from non-compliance of in-country/foreign insurance requirements
- Getting fair and timely foreign claims settlements
- Susceptibilities to cargo theft
- Third party obtained insurance coverage that does not fit your unique needs
Understanding the risks that could threaten a supply chain is critical for a business that ships internationally.
Ocean Marine Cargo
Travelers provides insurance solutions for importers, exporters, manufacturers, commodities traders and freight forwarders. We aim to simplify the process and help guide business owners through the complex and often confusing process of importing and exporting.
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