{"id":1137,"date":"2023-06-02T09:25:40","date_gmt":"2023-06-02T09:25:40","guid":{"rendered":"https:\/\/globalshipmentslogistics.com\/?page_id=1137"},"modified":"2023-06-19T06:06:47","modified_gmt":"2023-06-19T06:06:47","slug":"cargo-insurance","status":"publish","type":"page","link":"https:\/\/globalshipmentslogistics.com\/index.php\/cargo-insurance\/","title":{"rendered":"Cargo Insurance"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"1137\" class=\"elementor elementor-1137\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f5ce184 elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no\" data-id=\"f5ce184\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6632721\" data-id=\"6632721\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-7a1c317 e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"7a1c317\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4d8a532 elementor-widget elementor-widget-heading\" data-id=\"4d8a532\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Why do I need Cargo Insurance?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4e3ddda elementor-widget elementor-widget-text-editor\" data-id=\"4e3ddda\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>At UWL, every effort is made to ensure the safe delivery of your goods, but sometimes unforeseen loss or damage does occur.<strong>\u00a0If it does, we want you to be ready for it.<\/strong>\u00a0That\u2019s why we recommend shippers protect their products in transit with Cargo Insurance.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-0b51a7f e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"0b51a7f\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-4d503d6 e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"4d503d6\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a13ec9e elementor-widget elementor-widget-image\" data-id=\"a13ec9e\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"450\" height=\"600\" src=\"https:\/\/globalshipmentslogistics.com\/wp-content\/uploads\/2023\/06\/UWL-Cargo-Insurance-Damaged-ship.webp\" class=\"attachment-large size-large wp-image-1144\" alt=\"\" srcset=\"https:\/\/globalshipmentslogistics.com\/wp-content\/uploads\/2023\/06\/UWL-Cargo-Insurance-Damaged-ship.webp 450w, https:\/\/globalshipmentslogistics.com\/wp-content\/uploads\/2023\/06\/UWL-Cargo-Insurance-Damaged-ship-225x300.webp 225w\" sizes=\"(max-width: 450px) 100vw, 450px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5b5e6fc e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"5b5e6fc\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-759af57 elementor-widget elementor-widget-heading\" data-id=\"759af57\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Coverage for the Unexpected<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ce90ee8 elementor-widget elementor-widget-text-editor\" data-id=\"ce90ee8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h5>Potential Risks* in Transit<\/h5>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e4d25c9 elementor-widget elementor-widget-text-editor\" data-id=\"e4d25c9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li><p>From natural disasters and accidents at sea, to strikes and other conflicts, there are many outside factors that can impact the delivery of your freight to its final destination.<\/p><p>Cargo insurance gives you peace of mind and reduces your exposure to these financial risks:<\/p><ul><li><strong>Lost or damaged cargo<\/strong><\/li><li><strong>Theft \/ Piracy<\/strong><\/li><li><strong>Acts of God \/ Natural Disasters (earthquakes, storms, etc.)<\/strong><\/li><li><strong>Acts of Public Enemy<\/strong><\/li><li><strong>Hijacking<\/strong><\/li><li><strong>Explosions<\/strong><\/li><li><strong>Derailment \/ Grounding<\/strong><\/li><li><strong>Strikes<\/strong><\/li><li><strong>Cyberattacks<\/strong><\/li><\/ul><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-cb49afe e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"cb49afe\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-59f667c e-n-tabs-mobile elementor-widget elementor-widget-n-tabs\" data-id=\"59f667c\" data-element_type=\"widget\" data-settings=\"{&quot;horizontal_scroll&quot;:&quot;disable&quot;}\" data-widget_type=\"nested-tabs.default\">\n\t\t\t\t\t\t\t<div class=\"e-n-tabs\" data-widget-number=\"94332540\" aria-label=\"Tabs. Open items with Enter or Space, close with Escape and navigate using the Arrow keys.\">\n\t\t\t<div class=\"e-n-tabs-heading\" role=\"tablist\">\n\t\t\t\t\t<button id=\"e-n-tab-title-943325401\" data-tab-title-id=\"e-n-tab-title-943325401\" class=\"e-n-tab-title\" aria-selected=\"true\" data-tab-index=\"1\" role=\"tab\" tabindex=\"0\" aria-controls=\"e-n-tab-content-943325401\" style=\"--n-tabs-title-order: 1;\">\n\t\t\t\t\t\t<span class=\"e-n-tab-title-text\">\n\t\t\t\tCargo Damage\t\t\t<\/span>\n\t\t<\/button>\n\t\t\t\t<button id=\"e-n-tab-title-943325402\" data-tab-title-id=\"e-n-tab-title-943325402\" class=\"e-n-tab-title\" aria-selected=\"false\" data-tab-index=\"2\" role=\"tab\" tabindex=\"-1\" aria-controls=\"e-n-tab-content-943325402\" style=\"--n-tabs-title-order: 2;\">\n\t\t\t\t\t\t<span class=\"e-n-tab-title-text\">\n\t\t\t\tContainers Lost at Sea\t\t\t<\/span>\n\t\t<\/button>\n\t\t\t\t<button id=\"e-n-tab-title-943325403\" data-tab-title-id=\"e-n-tab-title-943325403\" class=\"e-n-tab-title\" aria-selected=\"false\" data-tab-index=\"3\" role=\"tab\" tabindex=\"-1\" aria-controls=\"e-n-tab-content-943325403\" style=\"--n-tabs-title-order: 3;\">\n\t\t\t\t\t\t<span class=\"e-n-tab-title-text\">\n\t\t\t\tGeneral Average\t\t\t<\/span>\n\t\t<\/button>\n\t\t\t\t<button id=\"e-n-tab-title-943325404\" data-tab-title-id=\"e-n-tab-title-943325404\" class=\"e-n-tab-title\" aria-selected=\"false\" data-tab-index=\"4\" role=\"tab\" tabindex=\"-1\" aria-controls=\"e-n-tab-content-943325404\" style=\"--n-tabs-title-order: 4;\">\n\t\t\t\t\t\t<span class=\"e-n-tab-title-text\">\n\t\t\t\tCargo Theft\t\t\t<\/span>\n\t\t<\/button>\n\t\t\t\t\t<\/div>\n\t\t\t<div class=\"e-n-tabs-content\">\n\t\t\t\t<div id=\"e-n-tab-content-943325401\" role=\"tabpanel\" aria-labelledby=\"e-n-tab-title-943325401\" data-tab-index=\"1\" style=\"--n-tabs-title-order: 1;\" class=\"e-active elementor-element elementor-element-aab5b67 e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"aab5b67\" data-element_type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-98e814d e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"98e814d\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a69e592 elementor-widget elementor-widget-heading\" data-id=\"a69e592\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Did you know? Insurance companies estimate that major fire on a cargo vessel at sea occurs every 60 days.<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-63d3bcb elementor-widget elementor-widget-text-editor\" data-id=\"63d3bcb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/gcaptain.com\/one-apus-discharges-in-long-beach-after-last-years-epic-cargo-loss\/\" target=\"_blank\" rel=\"noopener\">Storms<\/a>,\u00a0<a href=\"https:\/\/traderiskguaranty.com\/trgpeak\/mol-comfort-worst-shipping-disaster\/\" target=\"_blank\" rel=\"noopener\">shipwrecks<\/a>, and\u00a0<a href=\"https:\/\/www.bbc.com\/news\/world-middle-east-53683082\" target=\"_blank\" rel=\"noopener\">explosions<\/a>\u00a0happen.\u00a0Containerization of seaborne trade, larger vessels, and wrongly declared dangerous goods have also contributed to an increase in\u00a0<a href=\"https:\/\/www.everstream.ai\/risk-center\/special-reports\/container-ship-fires\/\" target=\"_blank\" rel=\"noopener\">ship fires<\/a>\u00a0in recent years. Here are just a few examples:<\/p><ul><li><ul type=\"disc\"><li><a href=\"https:\/\/www.freightwaves.com\/news\/fire-damaged-container-ship-being-towed-to-port-of-oakland\" target=\"_blank\" rel=\"noopener\">Fire-damaged container ship being towed to Port of Oakland<\/a><\/li><li><a href=\"https:\/\/gcaptain.com\/x-press-pearl-fire-flares-up-ship-evacuated\/\" target=\"_blank\" rel=\"noopener\">\u2018X-Press Pearl\u2019 Fire Explodes in Intensity, Ship Evacuated<\/a><\/li><li><a href=\"https:\/\/gcaptain.com\/the-worst-containership-disasters-in-recent-history-in-photos\/\" target=\"_blank\" rel=\"noopener\">Photos: The Worst Containership Disasters in Recent History<\/a><\/li><\/ul><\/li><\/ul><p>In the event of an accident, even if the vessel is saved, many containers may be severely damaged. Bad stowage and shore error are the largest contributors, and can result in physical or temperature related damage.<\/p><p>Cargo insurance can help you cover your losses in the event damage occurs.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6f73f75 wpr-button-icon-style-inline wpr-button-icon-position-right elementor-widget elementor-widget-wpr-button\" data-id=\"6f73f75\" data-element_type=\"widget\" data-widget_type=\"wpr-button.default\">\n\t\t\t\t\t\t\n\t\t\t\n\t\t\n\t\t<div class=\"wpr-button-wrap elementor-clearfix\">\n\t\t<a class=\"wpr-button wpr-button-effect wpr-button-none\" data-text=\"\" href=\"https:\/\/globalshipmentslogistics.com\/index.php\/services\/\">\n\t\t\t\n\t\t\t<span class=\"wpr-button-content\">\n\t\t\t\t\t\t\t\t\t<span class=\"wpr-button-text\">Explore More<\/span>\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/span>\n\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\n\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div id=\"e-n-tab-content-943325402\" role=\"tabpanel\" aria-labelledby=\"e-n-tab-title-943325402\" data-tab-index=\"2\" style=\"--n-tabs-title-order: 2;\" class=\" elementor-element elementor-element-25ea445 e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"25ea445\" data-element_type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-825b779 e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"825b779\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b792682 elementor-widget elementor-widget-heading\" data-id=\"b792682\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Did you know? More than 3,000 shipping containers fell overboard in 2020.<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fbf7ff9 elementor-widget elementor-widget-text-editor\" data-id=\"fbf7ff9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p data-pm-slice=\"1 1 []\">According to a 2017 survey of ocean carriers by the World Shipping Council (WSC), an average of 1,390 containers are lost at sea each year based on figures from between 2014 to 2016.\u00a0This number includes \u2018catastrophic events\u2019 where more than 50 containers are lost during a single event.<\/p><p data-pm-slice=\"1 1 []\">However, the number of containers that have been lost overboard has actually risen considerably in recent years. In fact, more than\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-04-26\/shipping-containers-plunge-overboard-as-supply-race-raises-risks\" target=\"_blank\" rel=\"noopener\">3,000 shipping containers fell overboard<\/a>\u00a0in 2020. And as of April 2021, over 1,000 boxes have already fallen into the ocean.\u00a0<\/p><p>Why are incidents of containers going overboard on the rise? Weather is becoming more severe and unpredictable and new\u00a0<a href=\"https:\/\/www.locktoninternational.com\/gb\/articles\/re-evaluating-risk-mega-ships\" target=\"_blank\" rel=\"noopener\">mega vessels<\/a>\u00a0are often being loaded to maximum capacity. Those two factors combined put increased risk to cargo in transit and additional strain on your supply chain.<\/p><p>If an accident happens that causes your containers to go overboard, make sure you have Cargo Insurance so that you\u2019re not dumping your money into the sea as well.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-11a1d0b wpr-button-icon-style-inline wpr-button-icon-position-right elementor-widget elementor-widget-wpr-button\" data-id=\"11a1d0b\" data-element_type=\"widget\" data-widget_type=\"wpr-button.default\">\n\t\t\t\t\t\t\n\t\t\t\n\t\t\n\t\t<div class=\"wpr-button-wrap elementor-clearfix\">\n\t\t<a class=\"wpr-button wpr-button-effect wpr-button-none\" data-text=\"\" href=\"#link\">\n\t\t\t\n\t\t\t<span class=\"wpr-button-content\">\n\t\t\t\t\t\t\t\t\t<span class=\"wpr-button-text\">Explore More<\/span>\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/span>\n\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\n\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div id=\"e-n-tab-content-943325403\" role=\"tabpanel\" aria-labelledby=\"e-n-tab-title-943325403\" data-tab-index=\"3\" style=\"--n-tabs-title-order: 3;\" class=\" elementor-element elementor-element-041939d e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"041939d\" data-element_type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-76af68c e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"76af68c\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-01373ae elementor-widget elementor-widget-heading\" data-id=\"01373ae\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Did you know? When a carrier declares General Average, all cargo owners must pay a percentage of the total loss, even if their cargo is unaffected.<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-66626c2 elementor-widget elementor-widget-text-editor\" data-id=\"66626c2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><em>What is General Average?<\/em>\u00a0 When a ship is in danger \u2014 for example, a fire, stranding, or other incident \u2014 the ship\u2019s Master\/shipowner may need to take action to preserve the safety of the ship and its crew, which could include jettisoning cargo overboard, emergency repairs or other action which may damage cargo. Incidents causing carriers to declare General Average have been increasing in recent years: Severe storms are becoming more frequent, and shockingly, fires on container ships are more common.<\/p><p>When a carrier declares\u00a0<a id=\"__hsNewLink\" href=\"https:\/\/www.shippingandfreightresource.com\/what-is-general-average\/\" target=\"_blank\" rel=\"noopener\">\u201cGeneral Average\u201d<\/a>, all stakeholders, including cargo owners, must pay their cost of saving the vessel and cargo \u2013 even if their own cargo is not affected. Adjustors will assess the situation and determine the\u00a0<em>Salvage security<\/em>\u00a0and\u00a0<em>General Average security<\/em>. These securities are variable percentages of the CIF (cost, insurance, and freight) value of the cargo that the shipper has on the affected vessel. The cargo owner must pay both to get their cargo released, otherwise they forfeit their cargo and it becomes property of the salvage company.<\/p><p><strong>The cost of protecting your shipments is miniscule compared to the cost of a\u00a0<em>General Average<\/em>\u00a0claim.<\/strong><\/p><p>For example, after a 2018 fire on the\u00a0<a href=\"https:\/\/gcaptain.com\/shipowner-declares-general-average-for-ever-given\/\">Maersk Honam<\/a>, GA was declared and the adjustor fixed the salvage security at 42.5% of cargo value and 11.5% as a GA deposit \u2013 this meant a shipper with cargo worth $100,000 needed to pay a combined deposit of $54,000 to get its cargo released. Ouch! Insurance for this shipment, by comparison, would have been just $165.00.\u00a0<\/p><p>If you\u2019re insured with UWL\u2019s Policy, the insurance company will issue an Average Guarantee and you will provide an Average Bond. This assures the prompt release of your cargo while your insurer takes care of the General Average contribution.\u00a0<\/p><p>Without adequate insurance, the adjusters will likely request a cash deposit from you of a proportion of the value of your cargo, and your cargo will be held in trust until you have paid your part \u2014 which can take months or even years.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5fd3a27 wpr-button-icon-style-inline wpr-button-icon-position-right elementor-widget elementor-widget-wpr-button\" data-id=\"5fd3a27\" data-element_type=\"widget\" data-widget_type=\"wpr-button.default\">\n\t\t\t\t\t\t\n\t\t\t\n\t\t\n\t\t<div class=\"wpr-button-wrap elementor-clearfix\">\n\t\t<a class=\"wpr-button wpr-button-effect wpr-button-none\" data-text=\"\" href=\"#link\">\n\t\t\t\n\t\t\t<span class=\"wpr-button-content\">\n\t\t\t\t\t\t\t\t\t<span class=\"wpr-button-text\">Explore More<\/span>\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/span>\n\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\n\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div id=\"e-n-tab-content-943325404\" role=\"tabpanel\" aria-labelledby=\"e-n-tab-title-943325404\" data-tab-index=\"4\" style=\"--n-tabs-title-order: 4;\" class=\" elementor-element elementor-element-88ef836 e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"88ef836\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-3ff7c7d e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"3ff7c7d\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-09e7b77 elementor-widget elementor-widget-heading\" data-id=\"09e7b77\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Did you know? In the US, cargo theft is a $15 billion to $30 billion a year problem according to the FBI.<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cfdc11f elementor-widget elementor-widget-text-editor\" data-id=\"cfdc11f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/www.ccjdigital.com\/business\/article\/15064734\/recorded-cargo-theft-incidents-average-values-increased-in-2020#:~:text=The%20total%20number%20of%20cargo,233%20in%20the%20fourth%20quarter.\" target=\"_blank\" rel=\"noopener\">Cargo theft<\/a>, especially through identity theft and fictitious pickups, is on the rise.\u00a0 Not to mention\u00a0<a href=\"https:\/\/iccwbo.org\/media-wall\/news-speeches\/gulf-of-guinea-remains-worlds-piracy-hotspot-in-2021-according-to-imbs-latest-figures\/\" target=\"_blank\" rel=\"noopener\">piracy<\/a>, which is a major risk to modern international shipping.<\/p><p>The Loadstar reported that almost \u20ac500,000 ($600,305)\u00a0of\u00a0<a href=\"https:\/\/theloadstar.com\/rocketing-cargo-theft-statistics-a-big-wake-up-call-for-all-supply-chain-players\/\" target=\"_blank\" rel=\"noopener\">goods were stolen<\/a>\u00a0from EMEA [Europe, Middle East and Africa] supply chains\u00a0<em>every day<\/em>\u00a0in 2019 and 2020, according to new data from the Transport Asset Protection Association (TAPA).<\/p><p>And BSI &amp; TT Club\u2019s\u00a0<a href=\"https:\/\/www.ttclub.com\/news-and-resources\/publications\/tt-bsi-cargo-theft-reports\/bsi-and-tt-club-cargo-theft-report\/\" target=\"_blank\" rel=\"noopener\">2021 Cargo Theft Report<\/a>\u00a0found that the pandemic brought about a heightened risk of crime. The dominant threat remained theft from freight vehicles in transit, but the report found a significant increase in theft from warehouses and other temporary storage facilities \u2014 these areas have become easy pickings for criminals as cargo backlogs pile up around the world.\u00a0<\/p><p>Additionally, criminals have been\u00a0<a href=\"https:\/\/theloadstar.com\/ppe-the-new-hot-freight-and-warehousing-target-for-organised-crime\/\" target=\"_blank\" rel=\"noopener\">targeting PPE<\/a>\u00a0and other medical equipment in particular during the pandemic.\u00a0<\/p><p>A proactive Cargo Insurance policy with UWL can provide peace of mind in the event a pesky pirate pilfers your priceless products.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0b387d9 wpr-button-icon-style-inline wpr-button-icon-position-right elementor-widget elementor-widget-wpr-button\" data-id=\"0b387d9\" data-element_type=\"widget\" data-widget_type=\"wpr-button.default\">\n\t\t\t\t\t\t\n\t\t\t\n\t\t\n\t\t<div class=\"wpr-button-wrap elementor-clearfix\">\n\t\t<a class=\"wpr-button wpr-button-effect wpr-button-none\" data-text=\"\" href=\"#link\">\n\t\t\t\n\t\t\t<span class=\"wpr-button-content\">\n\t\t\t\t\t\t\t\t\t<span class=\"wpr-button-text\">Explore More<\/span>\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/span>\n\t\t<\/a>\n\n\t\t\t\t<\/div>\n\t\n\t\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-456a168 e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"456a168\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0066249 elementor-widget elementor-widget-heading\" data-id=\"0066249\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Get Peace of Mind with Cargo Insurance<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-48b44e1 elementor-widget elementor-widget-text-editor\" data-id=\"48b44e1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Having a solid Cargo Insurance policy in place can help you navigate, respond to, and protect your bottom line from common risks to your cargo in transit.<\/p><p>If you\u2019re insured, you know that your cargo will be released promptly with the appropriate securities. Insurers will assure that claims are handled smoothly, swiftly, and you will know that your interests are being properly protected.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-487e360 e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"487e360\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-cb8e039 e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"cb8e039\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b1aca06 elementor-widget elementor-widget-image\" data-id=\"b1aca06\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"650\" height=\"700\" src=\"https:\/\/globalshipmentslogistics.com\/wp-content\/uploads\/2023\/06\/product-cargoins.jpg\" class=\"attachment-large size-large wp-image-1148\" alt=\"\" srcset=\"https:\/\/globalshipmentslogistics.com\/wp-content\/uploads\/2023\/06\/product-cargoins.jpg 650w, https:\/\/globalshipmentslogistics.com\/wp-content\/uploads\/2023\/06\/product-cargoins-279x300.jpg 279w, https:\/\/globalshipmentslogistics.com\/wp-content\/uploads\/2023\/06\/product-cargoins-600x646.jpg 600w\" sizes=\"(max-width: 650px) 100vw, 650px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-185816c e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"185816c\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-77f42bb elementor-widget elementor-widget-heading\" data-id=\"77f42bb\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Advantages of Insuring Your Cargo with UWL's Policy:\n<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-797dea2 elementor-widget elementor-widget-text-editor\" data-id=\"797dea2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li><ul id=\"menu-locations-warehousing-distribution\" class=\"menu\"><li><p><strong>Covered losses are paid without the need to prove carrier negligence<\/strong><\/p><\/li><li><p><strong>UWL will report and handle claims on your behalf<\/strong><\/p><\/li><li><p><strong>Insurance Company deals with collecting from the carrier (if possible) once the claim has been paid<\/strong><\/p><\/li><li><p><strong>No need to demonstrate where the loss occurred<\/strong><\/p><\/li><li><p><strong>Claim payments based on insured value, not weight of pieces missing\/damaged or Carrier\u2019s limited liability.<\/strong><\/p><\/li><\/ul><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Why do I need Cargo Insurance? At UWL, every effort is made to ensure the safe delivery of your goods, but sometimes unforeseen loss or damage does occur.\u00a0If it does, we want you to be ready for it.\u00a0That\u2019s why we recommend shippers protect their products in transit with Cargo Insurance. Coverage for the Unexpected Potential Risks* in Transit From natural disasters and accidents at sea, to strikes and other conflicts, there are many outside factors that can impact the delivery of your freight to its final destination. Cargo insurance gives you peace of mind and reduces your exposure to these financial risks: Lost or damaged cargo Theft \/ Piracy Acts of God \/ Natural Disasters (earthquakes, storms, etc.) Acts of Public Enemy Hijacking Explosions Derailment \/ Grounding Strikes Cyberattacks Cargo Damage Containers Lost at Sea General Average Cargo Theft Cargo Damage Did you know? Insurance companies estimate that major fire on a cargo vessel at sea occurs every 60 days. Storms,\u00a0shipwrecks, and\u00a0explosions\u00a0happen.\u00a0Containerization of seaborne trade, larger vessels, and wrongly declared dangerous goods have also contributed to an increase in\u00a0ship fires\u00a0in recent years. Here are just a few examples: Fire-damaged container ship being towed to Port of Oakland \u2018X-Press Pearl\u2019 Fire Explodes in Intensity, Ship Evacuated Photos: The Worst Containership Disasters in Recent History In the event of an accident, even if the vessel is saved, many containers may be severely damaged. Bad stowage and shore error are the largest contributors, and can result in physical or temperature related damage. Cargo insurance can help you cover your losses in the event damage occurs.\u00a0 Explore More Containers Lost at Sea Did you know? More than 3,000 shipping containers fell overboard in 2020. According to a 2017 survey of ocean carriers by the World Shipping Council (WSC), an average of 1,390 containers are lost at sea each year based on figures from between 2014 to 2016.\u00a0This number includes \u2018catastrophic events\u2019 where more than 50 containers are lost during a single event. However, the number of containers that have been lost overboard has actually risen considerably in recent years. In fact, more than\u00a03,000 shipping containers fell overboard\u00a0in 2020. And as of April 2021, over 1,000 boxes have already fallen into the ocean.\u00a0 Why are incidents of containers going overboard on the rise? Weather is becoming more severe and unpredictable and new\u00a0mega vessels\u00a0are often being loaded to maximum capacity. Those two factors combined put increased risk to cargo in transit and additional strain on your supply chain. If an accident happens that causes your containers to go overboard, make sure you have Cargo Insurance so that you\u2019re not dumping your money into the sea as well. Explore More General Average Did you know? When a carrier declares General Average, all cargo owners must pay a percentage of the total loss, even if their cargo is unaffected. What is General Average?\u00a0 When a ship is in danger \u2014 for example, a fire, stranding, or other incident \u2014 the ship\u2019s Master\/shipowner may need to take action to preserve the safety of the ship and its crew, which could include jettisoning cargo overboard, emergency repairs or other action which may damage cargo. Incidents causing carriers to declare General Average have been increasing in recent years: Severe storms are becoming more frequent, and shockingly, fires on container ships are more common. When a carrier declares\u00a0\u201cGeneral Average\u201d, all stakeholders, including cargo owners, must pay their cost of saving the vessel and cargo \u2013 even if their own cargo is not affected. Adjustors will assess the situation and determine the\u00a0Salvage security\u00a0and\u00a0General Average security. These securities are variable percentages of the CIF (cost, insurance, and freight) value of the cargo that the shipper has on the affected vessel. The cargo owner must pay both to get their cargo released, otherwise they forfeit their cargo and it becomes property of the salvage company. The cost of protecting your shipments is miniscule compared to the cost of a\u00a0General Average\u00a0claim. For example, after a 2018 fire on the\u00a0Maersk Honam, GA was declared and the adjustor fixed the salvage security at 42.5% of cargo value and 11.5% as a GA deposit \u2013 this meant a shipper with cargo worth $100,000 needed to pay a combined deposit of $54,000 to get its cargo released. Ouch! Insurance for this shipment, by comparison, would have been just $165.00.\u00a0 If you\u2019re insured with UWL\u2019s Policy, the insurance company will issue an Average Guarantee and you will provide an Average Bond. This assures the prompt release of your cargo while your insurer takes care of the General Average contribution.\u00a0 Without adequate insurance, the adjusters will likely request a cash deposit from you of a proportion of the value of your cargo, and your cargo will be held in trust until you have paid your part \u2014 which can take months or even years. Explore More Cargo Theft Did you know? In the US, cargo theft is a $15 billion to $30 billion a year problem according to the FBI. Cargo theft, especially through identity theft and fictitious pickups, is on the rise.\u00a0 Not to mention\u00a0piracy, which is a major risk to modern international shipping. The Loadstar reported that almost \u20ac500,000 ($600,305)\u00a0of\u00a0goods were stolen\u00a0from EMEA [Europe, Middle East and Africa] supply chains\u00a0every day\u00a0in 2019 and 2020, according to new data from the Transport Asset Protection Association (TAPA). And BSI &amp; TT Club\u2019s\u00a02021 Cargo Theft Report\u00a0found that the pandemic brought about a heightened risk of crime. The dominant threat remained theft from freight vehicles in transit, but the report found a significant increase in theft from warehouses and other temporary storage facilities \u2014 these areas have become easy pickings for criminals as cargo backlogs pile up around the world.\u00a0 Additionally, criminals have been\u00a0targeting PPE\u00a0and other medical equipment in particular during the pandemic.\u00a0 A proactive Cargo Insurance policy with UWL can provide peace of mind in the event a pesky pirate pilfers your priceless products.\u00a0 Explore More Did you know? Insurance companies estimate that major fire on a cargo vessel at sea occurs<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_eb_attr":"","footnotes":""},"class_list":["post-1137","page","type-page","status-publish","hentry"],"_hostinger_reach_plugin_has_subscription_block":false,"_hostinger_reach_plugin_is_elementor":false,"_links":{"self":[{"href":"https:\/\/globalshipmentslogistics.com\/index.php\/wp-json\/wp\/v2\/pages\/1137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalshipmentslogistics.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/globalshipmentslogistics.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/globalshipmentslogistics.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalshipmentslogistics.com\/index.php\/wp-json\/wp\/v2\/comments?post=1137"}],"version-history":[{"count":16,"href":"https:\/\/globalshipmentslogistics.com\/index.php\/wp-json\/wp\/v2\/pages\/1137\/revisions"}],"predecessor-version":[{"id":1427,"href":"https:\/\/globalshipmentslogistics.com\/index.php\/wp-json\/wp\/v2\/pages\/1137\/revisions\/1427"}],"wp:attachment":[{"href":"https:\/\/globalshipmentslogistics.com\/index.php\/wp-json\/wp\/v2\/media?parent=1137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}