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Who is Responsible for Damages to Goods in Transit?
Damage during transit is a common thing in the shipping industry. Someone must take responsibility for these damages. It can be the seller who packed, the carrier who moved, or the buyer who ordered. Businesses deal with this problem every day. Liability in transit decides more than money, it decides trust and smooth operations. A lack of clarity here hurts relations, increases costs, and delays delivery. On the other hand, clear roles protect everyone. This blog shows who is responsible for damages to goods in transit. It explains key terms, laws, contracts, and insurance. It tells when the owner bears the risk and when the carrier does. It also guides how to raise a claim. You will get clarity to avoid disputes and secure your goods.
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Who is a Marine Surveyor?
The marine industry is a multifaceted industry engaged in various activities, such as the transportation of goods and people, recreational cruises, marine energy, and more. Ships are an essential part of the marine industry, and even the slightest mistake in their building and design can result in the loss of life and property. This is where the role of a marine surveyor in the maritime industry comes into the picture. He plays a crucial role in inspecting vessels before they are set out in the waters, and he also serves majorly in matters of marine insurance policy. In this write-up, we will explain who a marine surveyor is, what insurance surveyor qualification is needed, the eligibility requirements to become a surveyor and more.
Read MoreCyber Risks, Sea-Piracy & Modern Threats: What’s New in Mari...
If you are an SME business owner, even a single uninsured loss can cause significant disruption to business operations. Risks at sea are no longer just physical. There are cyberattacks, piracy, and rapidly changing technology that are reshaping how the maritime industry operates. To stay protected, SMEs need coverage aligned with evolving industry standards. For many companies, reviewing policy terms, asking the right questions, and choosing the right insurance and insurer are essential steps that can make all the difference and avoid costly surprises. Before you sign on the dotted line, it is important to understand what you are really paying for, what is covered, and where exclusions apply. This article provides a practical Marine Cargo Insurance guide, covering the right questions to ask and the policy to secure.
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What is Transshipment?
Domestic and international trade is a complex process that involves ports, vessels, goods, maritime laws and much more. One crucial aspect of trade is transporting goods from the origin to the final destination using different modes of transportation i.e. sea, land, etc. The sea transportation occurs through the ports. Usually, ports around the world are not directly linked, which can make it difficult to transport goods from origin to destination. This is where the transshipment port or hub comes into play. But what exactly is the transshipment process? In this article, we will explore all about transshipment.
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What is Stranding in Marine Insurance - A Complete Guide
Maritime business comes with various risks, and one such peril is stranding, which can cause hefty financial loss, legal complexity and operational disruption. But what exactly is stranding in marine insurance, and how can businesses deal with it? Stranding is a situation where the vessel is immobilised or grounded due to unforeseen circumstances, such as natural hazards or mechanical failures. In this blog, we will delve into the details of stranding, its causes, implications for marine insurance claims and more.
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Understanding Packaging Logistics and Transportation Essenti...
India’s logistics sector is transforming at a very fast pace. Researchers value this industry at over $228 billion, and its growth has accelerated with the rise of e-commerce. The need for speed, scale, and reliability has pushed companies to partner with specialised logistics and packaging experts who understand the complexities of modern supply chains. But what most people never see is the invisible hero of this system, the transport packaging. Unlike the shiny boxes you find in stores, transport packaging is built for the tough stuff like moisture, vibration, stacking, long hauls, and rough handling. It ensures products stay safe from the factory to the warehouse to the doorstep. As everyone expects damage-free, on-time deliveries, as an organisation, you must choose the right packaging strategy to have a strategic advantage. In this blog, we explore how India’s packaging logistics ecosystem is changing and why it is important to understand the essentials of transportation packaging.
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Logistics Basics Explained: Types, Optimisation & Future Sco...
The importance of logistics cannot be overstated in India, one of the world’s largest countries. With diverse geographical features, harsh climates, and transportation challenges, logistics play a pivotal role in shaping the country’s future. The planning, execution, and quality of logistics determine how people experience their lives, from a just-in-time delivery of groceries to an interstate shipment for a factory. In this blog, we will discuss everything to know about logistics in India, including the meaning of logistics, categories, optimisation techniques, and more. Scroll below to get your questions answered.
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What is export: A guide for beginners
The meaning of export lies in selling goods or services produced in one country to buyers in another. This practice enables businesses to access new markets and expand their customer base. Exports play an important role in the global economy by enhancing international trade and economic growth. They contribute to a country's GDP, create jobs, and enhance competitiveness. Understanding the export documentation process is important for businesses wanting to sell in international markets. You need to handle invoices, licenses, and customs forms to keep trade smooth. This detailed guide will give you a clear idea of exporting and what it requires.
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What is Dropshipping and How Does it Work?
The last few years have witnessed a dramatic growth of the e-commerce industry in India and worldwide alike. In 2024, e-commerce in India accounted for 8% of the total retail sales. This figure is projected to reach 14% by 2028. As the world of e-commerce keeps transforming rapidly, one term that’s been constantly discussed among entrepreneurs is “dropshipping”. Dropshipping is a popular business model that allows you to sell products on your e-commerce website without buying inventory. Globally, the dropshipping industry has witnessed remarkable growth over the last decade. Of the total global dropshipping market, Asia-Pacific accounts for the largest share, driven by rapid digital adoption, improving logistics infrastructure, and increasing cross-border trade. At the same time, India’s e-commerce ecosystem is expanding rapidly due to affordable internet access, widespread smartphone usage, rising disposable incomes, and improved last-mile delivery networks. It is estimated that India’s e-commerce market will continue growing at a double-digit rate, reaching several trillion rupees by the end of this decade. If you are considering starting an e-commerce business and want to learn more about the dropshipping business model, you are on the right page. In this blog, we have explained the dropshipping meaning, how it works, how to start dropshipping, and what it truly takes to build a sustainable dropshipping business. Keep reading.
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"Disclaimer: The content of this article is for general informational purposes only and is subject to change. It is based on information available at the time of writing.
Any insurance-related information given above cannot be interpreted as policy coverage. It should not be considered insurance, legal, regulatory, or other professional advice, or a substitute for the terms and conditions of your marine insurance policy.
Marine insurance coverage, benefits, exclusions, limits, eligibility criteria, and other applicable conditions are subject to the terms of the respective policy document. Please refer to the applicable policy document for complete details. Readers are advised to verify the latest information with the relevant authorities or official sources before making any decisions.
Any reference to marine insurance or TATA AIG is for general awareness only and does not constitute an offer, recommendation, or advice to purchase a marine insurance policy from TATA AIG. TATA AIG does not guarantee coverage for any specific claim, loss, damage, or situation based solely on the information provided in this article."
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