Maersk aims to cover itself with an alternative to cargo insurance - The Loadstar
Maersk Line is launching what it claims is an alternative to cargo insurance in response to the rising number of shipments consigned without cover.
According to the carrier, some 30% of cargo moved by sea is uninsured, but one source told The Loadstar this figure is could be overly conservative.
“In my experience, the actual percentage of shipments travelling without insurance is far closer to the 50% mark,” said the source.
“The only time this becomes an issue is when a problem arises, but when it does, it is usually quite significant.”
In March, five crew members died following a fire on the Maersk Honam and the source suggested the impetus behind the launch of Maersk’s Value Protect was to prevent a repeat of the cost heaped on the carrier as a result of uninsured shipments.
“That [Maersk Honam] has to have been responsible for the biggest #general_average in history and the carrier says 30% of the cargo was uninsured,” said the source.
Apparemment, le transporteur devient l’assureur de ses clients.
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