Logistic industry is a highly mature market in Hong Kong. Operators are in various operating models and scale ranging from local to multinational air, sea or land transportation, godown, container depot or quay operation etc. While operators are pumping in resources and attention to develop their business, they are at the same time exposed to numerous risks embedded specifically in such trade, which may erode any reward one may have accomplished.

 

To mitigate such risks, Grand Trust Underwriters, together with  AIG Insurance Hong Kong Limited (“AIG”), provides a total solution with an objective to afford the industry growing in a worry free operational environment - Our Freight Forwarder Liability Insurance  (FFL).

 

 

Relevant Trades

• Air / Sea / Land freight and logistics operator

• Road Carriers

• Warehouse Keepers

• Customs House Brokers

 

Risk Exposures

• Liability for loss of or damage to cargo

• Liability for errors & omissions and fines & duty to customs authority

• Liability to loss of or damage to third party property and bodily injuries

 

Relevant Laws & Regulations

Freight Forwarder Liability indemnifies you against legal liability under the following scopes of laws and regulations:

. Contractual Liability under:

- Bill of Lading

- Airway Bill

- Standard Trading Conditions

- Bespoke Contracts

.  Legal Liability under:

- International Conventions

- Mandatory Maritime and Transport Laws

 

Applicable International Conventions

• Sea Freight: Examples, Hague Rules / Hague Visby Rules

• Air Freight: Examples, Montreal Convention / Warsaw Convention