Seariders Brokerage Corporation

Thank you for shipping with SEARIDERS ! We appreciate your business and want to provide the highest quality service at all times. Please be assured that while every effort is made to ensure safe delivery of your goods, sometimes loss and/or damage does occur.

Client’s Role and what you will recover if a loss should occur

Shipping by Ocean

While SEARIDERS arranges for the transportation of your goods, by law, it is the carrier who bears responsibility for loss or damage to your freight. The carrier’s liability for freight moving over the ocean is governed by the CARRIAGE OF GOODS BY SEA ACT (COGSA). Under the terms of COGSA, the most you could recover from shipping lines in the event they are proven negligent is $500 for each customary freight unit (CFU). Measurement of the CFU is widely defined and vary from one container to one pallet.

COGSA is centered on the liability of the carrier. At the heart of the concept of carrier liability is the idea that the carrier is not responsible for paying claims if they did not cause or contribute to the loss. In the event that SEARIDERS acts as an NVOCC and assumes carrier liability, recovery in the event of a claim is still limited by COGSA in the Bill of Lading terms and Conditions.

In an effort to better define carrier liability, Hague-Visby Rules were created to define 17 circumstances under which the carrier cannot be held liable. If a loss is caused by any of the following defenses; the ocean carrier will not pay for any part of the loss.

· Any neglect, default of error of the carrier in navigation or of management of the ship

· Fire

· Act of God

· Acts or omissions of the Shipper or Owner

· Strikes, lockouts or labor shortage

· Riots or civil commotions

· Inherent Defect, quality or vice of the goods

· Quarantine Restrictions

· Act of War

· Act of public enemies

· Arrest , restrain or seizure

· Defects not discoverable by due diligence

· Attempting to save life or property at sea

· Insufficient Packing

Shipping by air

Air Carriers limit their liability in a similar fashion as Ocean Carriers. Under the Warsaw Convention/Montreal Protocol 4, carriers will pay 17SDRs (about $26) per kilogram only if it can be proven that they were negligent. Once again the burden of proof is on the Shipper and it is often difficult to prove the carrier was at fault.

How can you protect Yourself ?

“All Risk” Shipper’s Interest coverage provides the owner of the cargo with coverage for direct physical loss or damage to the cargo without having to prove liability. If a loss occurs, you will be paid directly and any recovery possible from the carrier will be handled by our subrogation specialists.

Advantages of insuring your cargo through SEARIDERS’ policy

· Covered losses are paid without the need to prove carrier negligence.

· No need to demonstrate where the loss occurred

· Claim payments based upon insured value not weight of pieces missing/damaged or carrier’s limited liability

· SEARIDERS will report and handle claims on your behalf.

Procedures

On your next shipment, if you wish to insure your shipment for “All Risk” simply advise us in the ‘SHIPPER’S LETTER OF INSTRUCTIONS” that you will complete for each shipment. Premiums are quoted in advance and , while there is no obligation to insure your shipment, we strongly urge you to consider this valuable decision.

This summary is provided for informational purposes. It does not grant or extend coverage All coverage is governed by the terms and conditions set forth in the policy. SEARIDERS is not the insurance company. SEARIDERS purchases insurance for its clients. SEARIDERS liability is dictated by its Terms and Conditions of Service, copy available on this website