Ocean Cargo - Risky Busine$$
This presentation is the property of its rightful owner.
Sponsored Links
1 / 11

Ocean Cargo - Risky Busine$$ Aaron Howes Vice President – Risk Management and Insurance PowerPoint PPT Presentation


  • 129 Views
  • Uploaded on
  • Presentation posted in: General

Ocean Cargo - Risky Busine$$ Aaron Howes Vice President – Risk Management and Insurance. Agenda. Who is Expeditors Cargo Insurance Brokers (ECIB) Trends in the Industry Cargo Values Why Steamship lines don’t want high value pharma Questions. Expeditors Cargo Insurance Brokers (ECIB).

Download Presentation

Ocean Cargo - Risky Busine$$ Aaron Howes Vice President – Risk Management and Insurance

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Ocean cargo risky busine aaron howes vice president risk management and insurance

Ocean Cargo - Risky Busine$$Aaron HowesVice President – Risk Management and Insurance


Agenda

Agenda

Who is Expeditors Cargo Insurance Brokers (ECIB)

Trends in the Industry

Cargo Values

Why Steamship lines don’t want high value pharma

Questions


Expeditors cargo insurance brokers ecib

Expeditors Cargo Insurance Brokers (ECIB)

Wholly owned subsidiary of Expeditors International of Washington Inc.

Full Service Cargo Insurance Broker

Specialists in Cargo claims management

Loss control and risk assessment analysis


Trend issue

Trend - Issue

Shippers / Manufactures trying to reduce freight costs

Converting Air freight to Ocean Freight

Shipments often become larger (consolidated)

Temperature controlled – reefer

Longer transit times

Steamship lines become less willing to move high value

Logistics / Risk Management look for a solution


Crux of the problem

Crux of the Problem

  • 40 Ft Furniture

  • 40 Ft Xbox 360

  • 40 Ft Reefer - Pharma

  • @ 25K - $40K

  • @ $1.2M

  • @ 10M - $50M

  • Risk versus Reward

  • total loss on reefer

  • Sensitive equipment


Other issues

Other issues

You have insurance

$40M loss – yes you will get paid

Insurance company not happy – want their money back

Get it from the SSL (subrogation) or from you increase premiums

$40M loss – what does that do to your production ? Customers ?

BIG PICTURE - more than just saving freight costs


Questions

Questions?


  • Login