Protecting the Loss Ratio

Claiming Against Third Parties

Most marine cargo loss or damage arises while the goods are in the care custody or control of a third party.

Although they may be able to limit their liability for loss or damage (under their trading conditions), those third parties should always be held accountable. (1)

Once claims under cargo policies are paid, we will take up recovery rights under subrogation. (2)

Certain regimes require carriers to be given the opportunity to inspect loss or damage for themselves. (3)

Most carriers’ or forwarders’ trading conditions require claims to be made within a specified (usually short) time period, particularly where loss or damage was not noted on arrival.

loss_ratio_letter-2


19/04/18

News: War and Strikes Updates | 19th April 2018

Our War and Strikes risk update for 19th April is now online and can be found by... read more

27/03/18

News: NMU Changes Registered Name

We’re delighted to be able to announce our new name, NMU (Specialty) Ltd. Northern Marine Underwriters Limited... read more

21/03/18

News: War & Strikes Updates | 21st March 2018

Our War and Strikes risk update for 21st March is now online and can be found by... read more