risk management
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Over EUR 5,000 Secured: How Cargofort Uncovered Hidden Damage and Challenged Insurers to Win for Our Client
Insurer denied your claim because of a clean CMR? Explore a real case study where we proved deliberate concealment and poor delivery conditions to overturn the denial and secure over EUR 5,000 for our client.
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The Crackers, the Refrigerators, and the EUR 45,000+ Triumph: A Masterclass in Crisis Cargo Claims
What happens when a trusted carrier vanishes with two separate shipments? Explore a real-world case study where swift, international action and expert negotiation turned a potential €50,000 disaster into a masterclass in crisis claims management.
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Why Following the Instructions of the Entitled Party Matters in Transport – A Real-World Case Study
A minor customs seal issue led to a rejected shipment and destroyed goods. Explore a real-world case study that demonstrates why a lack of timely instructions from the entitled party can be financially devastating.
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The Set-Off Trap: Why Deducting Damage Costs from Freight Can Cost You Double
Why can deducting damage costs from freight payments cost you double? Explore a real court case that shows the risks of unilateral set-off and learn the correct steps to protect your business.
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Unveiling the Hidden Dangers: The Consequences of Inaccurate Declared Information in Cargo Insurance
Every day, countless shipments of goods traverse the vast oceans and roads, making their way to their intended destinations. Behind the scenes, Cargo insurance plays a pivotal role in safeguarding these shipments. However, there’s a hidden danger that can threaten the very essence of this protection – inaccurate declarations about the cargo. In this article, we will embark on a journey to explore the critical issue of inaccurate declared information about the shipments in cargo insurance. We will uncover the dire consequences that can arise when the type or parameters of goods are not properly declared and learn how these pitfalls can be avoided. The Consequences Imagine this scenario: A shipment of valuable electronics arrives at its destination, but upon inspection, it’s discovered that the cargo was improperly declared as ordinary household items. Suddenly, the cargo insurance policy that should have provided peace of mind becomes a source of frustration and financial burden. The consequences of inaccurate cargo declarations can be severe. First and foremost, insurance claims can be denied. When goods are not declared accurately, it can create coverage gaps, effectively rendering the policy useless. Denied claims can lead to substantial financial losses and jeopardize the financial stability of…
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