IF2—Forwarder/Customs Broker Intro to Carrier Liability, Cargo Insurance, & Steps Upon Discovery of Loss/Damage

Subscriber price: $64.00, Non-subscriber price: $90.00
Estimated total study time: 4 hours 31 minutes

This is an introductory-level course for junior freight forwarder and customs clearance staff with respect to:

Cargo risk during the transportation process;
Multiple ways in which transportation carriers avoid or significantly limit their liability for cargo loss and damage;
Why most shippers should have cargo insurance to cover cargo loss and damage; and,
What a shipper, consignee or its agent must do immediately upon discovery of lost or damaged shipment to protest the cargo owner's interests.

This course is not a detailed treatment of these topics. However, the student will have access to the GISTnet Library for considerably more details as may be of interest. GISTnet also provides detailed level training (T6, T8, T9) for those responsible for deciding on specific insurance coverages, types of cargo insurance policies, arranging and documenting cargo insurance, and preparing and pursuing claims for cargo loss and damage against carriers and insurance companies.

Shipping Risks; Overview of Transportation Carrier Liability

(Estimated study time: 37 minutes)

Cargo Loss and Damage Happens!
- You See the News Headlines
- You See the Pictures
- Theft—The Biggest Cause of Cargo Loss
How Big am Overall Problem is Cargo Loss?
Risk Anticipation/Identification
- Physical Risks
- Financial Risks
Overview of Carrier Liability
International Standards Governing Carrier Liability

Cargo Losses a Transportation Carrier Is and Is Not Liable For; Bailee Liability

(Estimated study time: 43 minutes)

General—Negligence vs. Causes Beyond Carrier's Control
Losses a Carrier Is Liable For
Losses a Carrier Is Not Liable For
What is a "Bailee"
Hiring Bailees—Liability Limits & Contracts
Freight Forwarder/Transportation Intermediary as Bailee

Cargo Insurance: Key Benefits and Overview

(Estimated study time: 1 hour 2 minutes)

Key Benefits of Cargo Insurance
Illustration of Carrier Liability Limits Changing During Intermodal Transportation
Generic Property/Casualty Insurance Policy Information and Conditions
General—Insurance is a Risk-Sharing Contract
Overview of Cargo Insurance
- General—Most Shipments Insurable under Marine Cargo Insurance
- Key Benefits of Cargo Insurance
- Standard Marine Cargo Underwriter Insuring Conditions
General—Commercial vs. War Risks
Marine Open Cargo Policy

Cargo Insurance Coverages and Limitations

(Estimated study time: 1 hour 2 minutes)

Risks Generally Insurable (All Modes)
- Theft & Pilferage
- Handling Damage
- Collision and Operational Accident
- Fire
- Contamination, Infestation, Spoilage
- Weather/Exposure Damage
- Storage/Processing En Route
- Losses Resulting from Terrorist Acts
Non-Insurable Risks
- General
- Universal Non-Insurable Risks/Causes of Damage
- Cargo-Specific Insurance Restrictions/Non-Insurable Risks
Marine Cargo Insurance Terminology—Common Insuring Conditions
Cargo Insurance for Land/Air Transportation Modes
- Insuring Multimodal Movements
- Insuring Domestic Land Shipments
- Insuring Air Cargo

Cargo Insurance Certificates; Insured's Obligations Upon Discovery of Cargo Loss or Damage

(Estimated study time: 1 hour 7 minutes)

Cargo Insurance Certificates
- General—Basic Functions
- Key Characteristics of a Marine Cargo Insurance Certificate
  - Evidence of Insurance & Insuring Conditions
  - Loss Payee; Certificate Negotiability
  - Proof of Insurable Interest
- Relationship between Certificate and Underlying Open Cargo Insurance Policy
- Instruction Concerning Losses/Claims
- Distribution of Cargo Insurance Certificate
- Reporting Coverage to the Insurance Carrier
Discovery of Loss—General
Preliminary Notice(s) of Claim
Sue and Labor
Additional Procedures upon Discovery of a Cargo Loss
Formal Claim Procedures
Conclusion—Seek Assistance as Needed from Your Company Experts