CARM: What all importers need to know about CARM

Universal Logistics - Take The Right Route Logo with 70 Years Badge

Route Article

Read this before making a decision on cargo insurance

     Cargo spill Youtube viedo

Cargo shipment mishaps occur more often than you think.  This month there already was a substantial spill of containers in the North Sea when the MSC Zoe, one of the world’s largest container ships, encountered heavy weather conditions. 

Even more concerning is a news report that came out around the same time about a container ship fire on the Hapag-Lloyd vessel, Yantian Express, on route to the port of Halifax.  Hapag-Lloyd has formally declared General Average, as the fire which broke out in a container, spread to other boxes after bad weather rendered the crew’s fire-fighting efforts fruitless, forcing them to abandon ship.  It’s surprising, but these fires are commonplace, and one insurer has suggested that there are fires of some kind weekly and a major fire every 60 days.

Another recent incident involved the container vessel Ever Summit at the Port of Vancouver’s Vanterm facility.  While berthing, the vessel struck a gantry crane causing the large ship-to-shore crane to collapse onto the loaded container ship, crushing some containers.  In addition, both the vessel and the crane suffered damages.

Keep these examples in mind the next time you consider whether or not to buy cargo insurance.

For more information, contact Debbie McGuire, Manager – Freight Solutions and read our special Cargo Insurance edition of Route.

Quick Tip #35
By controlling your freight, you can choose the best routing and service level for your business

Time critical? If saving time saves you money, ensure your freight is moving on the fastest route available.

Switch to a Logistics
Partner Who Cares

Click the button below to find out why we’ve been Canada’s most trusted freight forwarder and customs broker for over 75 years.

Professional business people team meeting and working in corporate office concept

Register now to learn more about our

101 Logistics Quick Tips

Available exclusively from Universal Logistics