Category: Cargo trade & logistics insurance

Impact of Fremantle Port industrial action – Logistics commentary

The recent waterfront industrial action experienced in Fremantle caused disruption to local supply chains with cargo requiring to be re-located to alternative ports for both export and import. The costs associated with the re-direction/forwarding of cargo and/or re-shipping on alternative shipping lines have been, in some cases, considerable and we have received a number of…
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Do you know your CIF from your CFR?

Cargo insurance does not automatically cover your importers or exporters on a warehouse-to-warehouse basis, as the terms of sale between the buyer and seller will determine which party is at risk during each stage of the transit and which party is responsible for arranging insurance. As an example, if your client purchases goods from overseas…
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Senior marine insurance broker retires after 40 years.

One of Australian industry’s most experienced cargo and logistics insurance brokers, Mark Lonergan has retired. Mark began his career in the London Market in the mid 1970s, working for a number of Lloyd’s brokers honing his craft over 10 years, before moving to Australia. For more than thirty years, he has been the go-to insurance…
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It could happen to you – abandoned cargo costs freight forwarders dearly

With COVID related port closures, business shut downs and delays in shipments, more cargos are being abandoned at destination by shippers and consignees, who seem to disappear into the ether when called upon to settle large container demurrage and storage accounts. The freight forwarder is often then left in the firing line to pick up…
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New Incoterms 2020 explained for importers and exporters

The standard terminology used to describe international contracts of sale, Incoterms, has been updated. The new Incoterms 2020 came into effect on 1 January 2020 and impacts everyone involved in buying and selling goods internationally. They clearly set out the respective obligations of the buyer and seller and delineate responsibilities during the transport process. Importantly,…
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Freight forwarders generate income from cargo insurance

It pays to offer cargo insurance to your clients The team at specialist marine insurance brokers, AlphaXO Risk Partners has decades of experience in all forms of marine insurance, including cargo insurance. Many freight forwarders choose not to assist their clients with insurance for their goods, often due to the perceived additional complexity. However, when…
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AlphaXO’s 90 Second Cargo Quote Challenge

Think providing Cargo insurance for your clients is too hard and time consuming? Take the AlphaXO’s 90 Second Cargo Quote Challenge and think again! We challenge you to get a cargo insurance quote in less than 90 seconds. AND if you can top our resident speedstress, Catherine’s 38 seconds you will win a special prize…
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Reflecting on MIAL’s Modern Maritime conference

AlphaXO attended the recent Modern Maritime conference, hosted by Maritime Industry Australia Limited. We’ve been reflecting on 5 of the key things impacting the local marine industry that we heard: 1. Increased use of technology and automation is increasing productivity and also introducing new threats, including malicious cyber activity. 2. Australia has a significant reliance…
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Offer cargo insurance to your clients and take a load off

Reasons to offer your clients insurance with AlphaXO Risk Partners: Build stronger client relationships by adding more value to your service Protect yourself – less chance of a claim against your company Worldwide coverage for all types of cargo, including project cargo and bulk cargo Flexible limits and in most cases no excess Our online…
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Answering cargo insurance questions at AFIF

The team at AlphaXO are answering cargo insurance and freight forwarders’ insurance questions at the AFIF: Australian Federation of International Forwarders conference this week. It’s also a chance to win a Google Home Mini too!