American Insurance Broker’s Introductory Guide to Marine Cargo Claims




This publication on marine cargo claims is designed for the American insurance broker or agent. This is a highly specialized field and the book is intended to provide a wealth of insight and resources with regard to the various stages of a marine cargo claim from the time it is first reported to the insurance company, from the investigation stage and then to the final stages of adjusting the claim to its ultimate finalization. The marine survey process is discussed in detail. The book provides you, the broker or agent, with important tips to help expedite your client’s claim and to avoid pitfalls that may delay or prejudice settlement of your client’s claim. It introduces you to the area of transport carrier liability and to common shipping documents and practices. Moreover, it explains what the insured, your client, must and must not do following loss or damage to its cargo. A chapter is devoted to the principles and practices relating to particular average, actual and constructive total loss and general average claims. A further chapter discusses the documents that are required to support either type of claim. Finally, an entire chapter is devoted to good shipping practices along with cargo loss prevention and mitigation.