The shipping industry is seeing the biggest surge in container losses in seven years. More than 3,000 boxes were lost overboard in 2020, while thousands more have fallen overboard so
General Average is a maritime insurance term that refers to the cost of goods lost or damaged during a marine incident. General Average is declared when the value of the
Every shipper knows that when cargo is lost, damaged, delayed, or stolen while in transit, they could be liable to recoup the cost. However, every day we run into shippers
The vessel’s owner, Shoe Kisen, declared General Average last week, ensuring the Ever Given’s cargo owners will pay an amount of the costs associated with rescuing the vessel before their
Are you ready for USMCA? The new trade agreement goes into effect on July 1, 2020. In our effort to keep you informed, the below is a snapshot of its
We are in the midst of an unprecedented global crisis. There is an information overload as experts share opinions, statistics, and projections about COVID-19’s effect on the economy. It is
The importing trade community has spent considerable time and effort over the last several weeks in soliciting the Administration to postpone or delay duty payments in light of the current
As the COVID-19 pandemic rages on, experts anticipate that the shipping industry could see a loss of $25-$30 billion this year. These losses would need to be at least partially
The Covid-19 pandemic continues to wreak havoc on the logistics industry, with experts estimating a 30% decline in the global shipping market through May. Supply chains are crawling. Numerous steamship
The global shipping community is in the midst of an unprecedented state of flux. While new information on the Covid-19 pandemic emerges daily, the supply chain continues to experience uncertainty
The current status of readily available U.S. produced goods continues to fluctuate on a seemingly daily basis. With “stay at home” orders in place for a majority of Americans, the
Cargo insurance is one component of the supply chain that is often misunderstood. Many companies rely on coverage that is provided by the supplier or carrier and naively assume they
Rumors are circulating in the global shipping community about the invocation of force majeure. Although it is rarely used, force majeure can cause serious disruption in the supply chain. Worse
As you know, with the rapidly evolving steps being taken to curb the spread of COVID19, the current global climate is in a constant state of flux. At TLR, we
As you are aware, the current global environment is in a constant state of flux due to the rapidly developing measures being taken to curb the spread of COVID-19. At
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