News for hackers. Stuff that matters.
Re:A container ship lost a record 1,800 containers by asdfaoeu on Monday December 07, 2020 @05:58AM (#25331014)
From some rudimenatary googling it's based on the value of the goods. So unless your cargo is expensive you wouldn't pay nearly as much. Unless there were expenditures there's no way you would be out more than its worth. Also because if this they'd likely load extremely valuable cargo in positions were it's not likely to be lost or jettisoned.
Re:A container ship lost a record 1,800 containers by hef19898 on Monday December 07, 2020 @09:00AM (#25332122)
Shows quite nice how important it is to really understand your Incoterms. And to procure insurance to cover any risk left open.
Re:A container ship lost a record 1,800 containers by eru on Tuesday December 08, 2020 @02:12AM (#25342731)
> And to procure insurance to cover any risk left open.

Or alternatively, to be aware of which risks you are still bearing. Not all risks have to be insured.

Re:A container ship lost a record 1,800 containers by hef19898 on Tuesday December 08, 2020 @05:11AM (#25343616)
True. But than full, or almost full, transport insurance is cheap enough even for small businesses.