Shipment Risk

There are many risks which arise during the shipment/delivery process. Whenever a cargo is stored or in transit by road, rail, air or sea it could be damaged, lost or stolen. The loss of goods or equipment is likely to be costly for their owner and the cause of dispute between the buyer and seller. It is important that goods are fully insured at all stages of production, transit, delivery and post-delivery storage. Indeed it is a term of many supply contracts that goods will be insured by one or other party. Failure to do so is an actionable breach of contract.