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Warning to forwarders who may be taking on more liability as shipper needs grow

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Changes in shipper requirements and the contracts they are looking to sign with their logistics providers, particularly freight forwarders, have fundamentally heightened the exposure to financial loss many freight service providers are faced with.

Andrew Kemp, regional director for Europe, Middle East and Africa for specialist ...

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  • steven ingels

    December 11, 2013 at 9:11 pm

    Compliant 3rd party vetting can protect liability if addressed properly.

    Covering liability through the proper fee assignment with a predication on $500,000 value per item or consignment as the cap. As well as specific carriers that could be used. Beyond that a separate insurance cert would be issued.

  • Najma Qureshi

    September 14, 2018 at 11:18 am

    Great content. Thanks for sharing. Freight forwarders should definitely keep that in mind that the financial losses have to be dealt with.

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