Terminals and Transport
Since a considerable number of years our facilities within the Lloyd’s market enable us to provide comprehensive liability insurance to the global Terminal and Transport industry, tailored to the needs of our customers. Covers for practically all disciplines within the Terminal and Transport industry may include cargo and third party legal liabilities, errors & omissions, liabilities towards Authorities and many other incidental risks.
Policy wordings have been developed by ourselves in accordance with our customers’ demands; in addition thereto we aim to provide the best possible claims handling, loss prevention and risk management service in an attempt to contribute to a further improvement of the risks our customers may face in their day-to-day operations. Our desire to build up long term relationships with our customers supports us in our philosophy that the industry we serve is facing continuous changing legal environments and challenges and therefore needs constant monitoring of risk. The partnership we are entering into with our customers is meant to respond to that challenge; our device is that the service we aim to provide by doing so should be second to none.
The Terminal and Transport industry is constantly in motion. Whilst the industry is continuously looking for better, faster and cheaper solutions it is facing an increasing number of problems and responsibilities. Operators active in such industry should realize, that all the changes and challenges they face actually determine the need, scope and flexibility of their liability insurance. Whilst our customers will need to concentrate on the operational challenges their organization is exposed to they can count on us, together with the broking community, to provide a pro-active loss prevention and risk management service. Not only will we attempt to determine problems, we aim to find solutions. With the help of our partners – our customers and their brokers – a risk analysis is made and regularly updated.
Our products and services have been designed for practically all disciplines within the international terminal and transport industry, among which:
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- Terminal Operators (Stevedores, Port Authorities (Operational or Landlord), Container Depots, Tankfarms etc.);
- Transport Operators (Freight Forwarders, Carriers, NVOCCs, Logistic Operators, Ship Operators etc.);
- Transport Intermediaries (Ship Agents, Ship Brokers, Ship Managers etc.).
Although liabilities are our core business our policies can be designed to extend to include cover for handling equipment including machinery breakdown, carrying equipment, property insurance, goods in transit and/or storage, business interruption/increased cost of working and other incidental risks. In addition thereto the possibility exists to include other products our international organisation can offer, e.g. P&I or Charterer’s Liability insurance.
Products
For further information or a quotation please contact our team.
• loading and unloading
• storage
• depot operator services
• equipment repair
• packaging
• freight forwarding and related services
Both legal and contractual liabilities in respect of:
• physical loss of or damage to customer’s cargo, customer’s property and customer’s vessels
• physical loss of or damage to third party property
• illness, bodily injury or death of any third party
• financial loss incurred by third parties for which Assured is legally liable
Our liability covers are tailor made, in accordance with the specific services a stevedore or terminal operator provides to its customers.
Assistance in contract negotiations, claims handling and loss prevention programs are a few of the services we provide to our Insureds and their Insurance brokers
• managing waterways, canals, locks, bridges, dams etc.;
• managing the port’s infrastructure, roads and services such as illumination, electricity etc.;
• delivering and maintaining buoys and other appliances for navigational purposes;
• safety (ISPS, police- and surveillance service, emergency services, fire-brigade etc.);
• dredging;
• pilots;
• consultancy/advice to other port companies.
Goods must find their safe passing through the port area and be stored or kept in a safe and sound manner, without causing a risk for mankind, animals or the
environment.
Sufficient control- and verification possibilities must be provided for the immigration- and customs authorities and for health departments and a safe infrastructure needs to be provided to allow all the aforementioned.
For both the “Landlord Port Authority” and the “operational Port Authority”, Post and Co has developed comprehensive liability programs, covering the Port Authorities’ legal and contractual liabilities in respect of e.g.:
• defence cover in case of damage to or loss of the Port Auhorities’ properties, causing unsafe infrastructures (for example a collision or sinking of a vessel, causing the waterway to get blocked);
• the Port Authorities’ own or their subcontractor’s acts or negligence;
• liability for the consequences of intentional deeds: negligence or gross fault and negligence of employees or subcontractors;
• liabilities towards third parties.
• freight Forwarding (both as agent and as principal)
• road haulage (by means of own vehicles)
• warehousing
• NVOCC
• customs formalities and fiscal representation
• value added logistics
Both legal and contractual liabilities are covered in respect of:
• physical loss of or damage to cargo
• physical loss of or damage to third party property
• illness, bodily injury or death of any third party
• financial loss incurred by third parties for which the Assured is legally liable
Our liability covers are tailor made, in accordance with the specific services a Transport and Logistics Operator provides to its customers.
Assistance in contract negotiations, claims handling and loss prevention programs are a few of the services we provide to our Insureds and their Insurance brokers.
Besides booking space with the shipping companies, co-ordinating with suppliers and shippers, the NVOCC fulfils many other activities, such as:
• freight forwarding
• warehousing
• consolidating
• customs formalities
Our liability covers are tailor made, in accordance with the specific services a NVOCC provides to its customers.
Assistance in contract negotiations, claims handling and loss prevention programs are a few of the services we provide to our Insured’s and their Insurance brokers.
A Ship agent or broker assists its principal by all kinds of services and is a knowledgeable resource in local matters, such as shipping regulations, safety practices and authorities. The professional liabilities of their various activities, serving as the vessel’s liaison, need to be adequately covered by a professional liability insurance and should include liabilities arising from their insured activities for:
• negligent performance
• fraud by an employee of the insured
• libel, slander or infringement of personal rights
• unintentional breach of authority
as well as third party legal liabilities such as:
• bodily injury
• physical damage
• pollution liability
For these liabilities Post & Co has several covers available. Assistance in contract negotiations, claims handling and loss prevention programs are a few of the services we provide to our insureds and their insurance brokers.
• vessel superintendency
• appointing surveyors
• obtaining class & flag approvals
• arranging spares
• arranging repairs, dry dock
• arranging employment of crew
• appointing agents
• arranging bunkers
• negotiating charter parties
• accounting matters
The liabilities resulting from the insured activities can be covered under a comprehensive professional liability insurance, which Post & Co has available.
The ship manager’s professional liabilities such as:
• negligent performance
• fraud by an employee of the insured
• libel, slander or infringement of personal rights
• unintentional breach of authority
Defence costs and expenses incurred in investigating, adjusting, defending or appealing a claim made against the Ship manager are included in these insurances.
• Marine pilots
• Marine surveyors
• Marine consultants
• Naval Architects
• Ship Registers
Please contact our team for further information.