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The Importance of Big data analytics in Transport & Logistics

It's time to take control of your cargo insurance needs. With our convenient and cost-effective insurance policies, we have you covered.<br>In just minutes, you can digitally obtain a quote for the cargo you need to ship. You'll be able to insure all the cargo under one policy, so you can spend less time worrying about insurance, and more time focusing on your business.

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The Importance of Big data analytics in Transport & Logistics

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  1. ONE PLATFORM FOR ALL YOUR LOGISTICS NEEDS

  2. ABOUT ECU360 is your personal logistics control tower delivering end to end shipping services: Quotations, Bookings, Sailing Schedules and Shipping Instructions. ACCESSIBLE 24×7, ALL IN ONE PLACE.

  3. THE IMPORTANCE OF CARGO INSURANCE FOR YOUR SHIPMENT Cargo insurance for shipment is the risk management coverage against loss, theft or damage of goods by fire, natural calamities etc., during transportation by road, rail, water and air. Though it is not mandatory to invest in cargo insurance for the shipment, it's extremely important to insure your products against any unforeseen events, as a damage to the goods would result in a huge loss to the buyer or the seller . Moreover, the cost of insurance cover is only a fraction of the total value of consignment transported through shipping carriers.

  4. VARIOUS TYPES OF CARGO INSURANCE POLICIES OPEN COVER POLICIES SPECIFIC COVER POLICIES Style One CONTINGENCY INSURANCE POLICIES Style Two

  5. OPEN COVER POLICIES This policy is segmented into two types, the renewal policy and the permanent policy. The renewal policy is only for one- way trips and must be renewed for every consignment afterwards. The permanent policy covers the cargo for a limited period of time, allowing multiple shipping consignments within that period of time.

  6. SPECIFIC COVER POLICIES This policy is also called a specific voyage policy wherein the insurer asks the insurance company to provide insurance protection for a specific cargo consignment.

  7. CONTINGENCY INSURANCE POLICIES In some cases, the buyers are responsible for insurance coverage. There is a chance that the buyer might not have insured the consignment and if there's any damage to the goods during shipment, they might refuse the consignment. In the case of denial of liability by the buyer, the seller is left with legal recourse, which takes a long time, and the chance of winning the case is not very high.

  8. CONTACT US E-Mail - ecu360contactus@ecuworldwide.com Website - WWW.ecu360.com

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