Logistics professionals have an important role to play in international trade. Quite often, they act as an intermediary between the shipper / receiver and the transportation company.
Logistics professionals include: Freight forwarders, customs brokers, load or freight brokers, warehouse operators, consolidators, NVOCCs.
Identifying whether a logistics professional is acting as an agent or as a principal is key to determining its legal liabilities.
Many logistics professionals have open cargo policies in place, a vehicle for insuring shipments on behalf of its customers.
Logistics professional also require professional indemnity insurance responding to both their cargo liability and errors and omissions exposures.