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Shipping and Freight

What are the major risks associated with the shipping and freight industry?

Answers 1

In a nutshell the risks can be classified into 5 categories and an agent must be equipped to advice his clients based on these risks and should know how to mitigate them when a situation arises. The risks can be classified as: · Counterparty risk · Insurance cover in place · Following the SOPs and processes of shipment · Jurisdictional consequences · Risks while using contractual carriers


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