Another example of why you should insure your cargo occurred last weekend.
Below is a link to a story on the grounding of the Hoegh Osaka shortly after departing Southampton Port in UK.
This is a modern (built in 2000) ro/ro (roll on roll off) vessel that now has millions of dollars worth of vehicles and construction equipment inevitably with major damage.
Almost identical vessels are used to move earthmoving & construction machinery from numerous overseas ports to Australia.
Whilst they are very safe and reliable vessels, mechanical problems and human error can occur resulting in damage or loss of cargo with no or limited liability against the vessel owner.
Please don’t hesitate to contact us for a competitive quotation for your cargo transit insurance needs. +61 7 3414 4334