International logistics: how to deal with cargo loss and compensation in global trade

🌐 #GlobalTrade #CargoLossAndClaims #SupplyChainRisk

Hello everyone! Today, let’s talk about how to deal with cargo loss and compensation matters in global trade.

Goods may suffer various losses during transportation, such as damage or loss. This not only affects the smooth operation of the supply chain but also results in economic losses.

To mitigate these risks, we can take measures like purchasing cargo insurance to ensure compensation in case of loss.

Furthermore, it’s crucial to have clear delivery and compensation terms in contracts. Contract terms should be well-defined to ensure that disputes can be resolved based on the contract.

By considering factors such as logistics, insurance, and contract terms, we can better address cargo loss issues in global trade, ensuring the stability and continuous operation of the supply chain.

#GlobalTrade #CargoLossAndClaims #SupplyChainRisk