Backdated Shipping Insurance Policies: Risks and Legal Nuances Explained

Backdated Shipping Insurance Policies: Risks and Legal Nuances Explained

A backdated insurance policy refers to an agreement where the insurer, at the request of the insured, retroactively sets the policy's inception date to before the shipment of goods, requiring mutual consent. This practice carries a fraud risk by potentially concealing the true date of the insurance contract. Insurers typically demand a guaranty letter to mitigate potential liabilities, ensuring that coverage is limited to risks occurring after the actual policy inception date.

07/28/2025 Logistics Encyclopedia
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Global Trade Relies on Cargo Insurance Amid Rising Risks

Global Trade Relies on Cargo Insurance Amid Rising Risks

This article provides a comprehensive analysis of cargo insurance under various modes of transportation. It offers detailed guidance for businesses navigating global trade, covering pre-insurance preparation, policy selection, post-loss response, and the preparation of claim documents. Choosing the right cargo insurance is crucial for safeguarding business interests and ensuring stable development. This guide aims to equip businesses with the knowledge needed to effectively mitigate risks associated with international shipping and protect their valuable assets throughout the supply chain.

08/21/2025 Logistics Encyclopedia
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Air Cargo Damage Claims Case Study and Guidance

Air Cargo Damage Claims Case Study and Guidance

This paper analyzes the claim process and key considerations through a case study of damaged air freight import goods handled by Da Shun Company. It emphasizes the importance of insurance coverage and crucial steps following damage, including evidence preservation, timely reporting, and active cooperation. The different types of international cargo insurance are also introduced. Furthermore, it highlights Da Shun Company's strengths in logistics and insurance services, providing a comprehensive overview of navigating air freight claims and the benefits of proper cargo insurance in import logistics.

08/21/2025 Logistics
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Container Transport Handling Considerations

Container Transport Handling Considerations

When arranging container transportation, the shipper's containers must comply with international standards and safety regulations, and valid certificates proving cargo suitability must be provided. For tank containers, the carrier may discharge necessary goods in hazardous situations, without assuming liability. The shipper is responsible for related costs and losses to ensure transportation safety.

07/17/2025 Logistics Encyclopedia
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Impact Analysis of VGM Errors on Loading Safety

Impact Analysis of VGM Errors on Loading Safety

VGM (Verified Gross Mass) errors in international shipping can lead to serious safety hazards. Carriers require shippers to provide accurate cargo weights to mitigate their liability. If shippers provide false weight information, they bear the consequences, especially in cases of overloaded loading equipment. Ensuring the accuracy of VGM is critical in reducing the risk of transportation accidents.

07/18/2025 Logistics Encyclopedia
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The Importance of Drafting Export Customs Declarations

The Importance of Drafting Export Customs Declarations

Export customs declaration is a serious task, and ensuring the accuracy of the declaration information is crucial. Preparing the customs draft is a key step to ensure consistency between the documents and the goods. Customs brokers must verify the draft, and clients should also participate in the review to avoid legal liability and economic losses due to incorrect declarations.

07/17/2025 Logistics Encyclopedia
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