Question

Using the Internet or any other resource, research and describe at least one recent incident involving damage to a shipment of marine cargo. If you were a shipper, what would you do to protect yourself against such a loss? Be sure to include links to your sources.

Answer 1

Answer:

Incident In the year 2014, a master of Sea Breeze, a Barbados general cargo vessel was damaged. The water started entering the engine room. The crew was unable to stem the flow and the engine room was evacuated. Salvors were able to bring the flooding under control and the vessels were initially anchored the next day. In the investigation, it is found that one of ballast system sea water isolating valves stopped functioning and it has caused the damage for the cargo ship NOTE: If the owner chose not to pay the insurance for your shipment, the goods shipped are automatically covered according to legal liability standard to the transportation industry. For domestic consignments the coverage is equal to S0.50/LB with a S100.00 least provided the cost of the goods is higher than $100. In certain situation such as partial loss/damage, only the damaged or lost portion of the freight is subject to the claim settlement amount. For intemational shipments the lawful liability set forth convention is S20kg or the actual value of goods if lesser than S20/kg. For intemational sea freight shipments the lawful liability limit is S500 per usual shipping unit. Things to be note during damage: Appropriate notation on shipping documents and notice to the suitable parties is vital to confirm the capability to procedure a claim. Like all insurances, payments of the freight and premium costs are essential to cover to be confimed and a claim to be filed and eventually settled. Example, if companies do not pay your auto insurance and get into an accident then it does not have any coverage.