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TransComp 2006
Avalon Risk Management, Inc. attended the 2006 TransComp Conference held
November 12 -14 at the Greater Fort Lauderdale Broward County Convention Center
in Fort Lauderdale, Florida.
The conference included members from the National Industrial Transportation League (NITL), The Intermodal Association of North America (IANA) and the
Transportation Intermediaries Association (TIA). TransComp brings together the industry’s leading shippers, third party logistics providers, carriers
and suppliers to share information and discuss challenges.
The conference provided educational seminars, including The Anatomy of a Freight Claim presented by
the TIA and included panelist Eric L. Zalud. The seminar
focused on a shipper’s ability to recover losses from one
carrier to another or from one mode of transport to another.
Included in the seminar was a discussion on the necessary Terms and Conditions that are regularly used in the transportation industry. Terms and Conditions are included in transportation
documents such as bills of lading, waybills, and receipts, and dictate liability for cargo in transit. A carrier’s liability is determined by federal
regulations, among the most common being, the Carmack Amendment or the Carriage of Goods By Sea Act (COGSA) jurisdiction.
The Carriage of Goods By Sea Act (COGSA) determines liability for the movement of cargo to and from the United States via ocean vessel, limiting liability to
$500 per package. The Carmack Amendment governs domestic interstate ground movements, and the carrier can be liable for the full value of the goods. It is
especially important for people in the business of moving cargo to understand their liability and the options that they have in limiting the risk they assume.
Problems arise when it is unclear where liability falls, and the shipper will have nowhere to turn when a loss occurs. As an insurance provider, we assist our
customers in understanding the risk that they are undertaking, and offer them coverage to limit that risk. Avalon offers cargo insurance to help protect the
shipper from theft or damage to their shipments. Avalon’s cargo insurance program helps protect goods against the perils of transit.
Should something
happen to the goods, Avalon wants shippers to have the best protection available to help recovery after the loss.
Avalon offers a Combined Transit Liability (CTL) Policy that protects logistics companies from their liability by providing defense and settlements legally
obligated to pay under a bill of lading and contract terms. The CTL Policy contains base coverage of Errors & Omissions (E&O) insurance and Cargo Legal
Liability. The policy can also be tailored to include any of the following options:
- Contractual Liability
- Contingent Auto Liability
- Warehouse Legal Liability
- First Dollar Defense
- Regulatory Defense
- Motor Truck Cargo Legal
For more information about Avalon’s CTL and Cargo coverage, or to submit an application, click the links below or visit
www.avalonrisk.com
CTL Brochure
CTL Application
Cargo Brochure
Cargo Application
For further information regarding the CTL product, contact Kim Beiswanger, E&O Product Manager. Kim can be reached at her direct line: 847-700-8076 or via e-mail at
kbeiswanger@avalonrisk.com.For further information regarding Cargo insurance contact Andriana Davis, Cargo Product Manager. Andriana can be reached at her direct line: 847-700-8087 or
via e-mail at adavis@avalonrisk.com. To view a directory of Avalon’s office locations, please visit our
Web site at
www.avalonrisk.com.
Source: Multimodal Transport: Freight Claims and Defenses at the Interstices of Liability, Eric L. Zalud, Esq.
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