Page 24 - Insurance Times January 2023

and inner packing should be suitable to withstand the normal on FCL/FCL basis, if possible, to avoid multiple handling
hazards of transit and overloading of cargo should not be and the container should be structurally sound.
encouraged.
The intermediate storage at port, railway yards, and
railway platforms for a considerable period should be
Steps to be taken for loss prevention
avoided.
Loss prevention can be sometime expensive but it pays
The consignment should not be kept on deck unless the
dividend, if reasonable expenses are incurred for loss
nature of cargo and customs of the trade suggest to
prevention considering the value and nature of cargo. Where
keep the cargo therein like Timber logs, container vessel
over dimensional cargo will be transported for a particular
project, the supervised loading/discharge of cargo by a Selection of reputed land carriers for safe delivery of
competent surveyor is essential who will examine carrying cargo
capacity of the vehicle alongwith loading and unloading
When oversized cargo of heavy load is transported, the
cranes/tools , lashing, bolting and securing of the machine
sender of the goods should select hydro axle vehicle
on the vehicle bed, types of vehicle engaged (Low bed or high
instead of mechanical axle vehicle which may carry
bed trailer) for transportation of the machine, rout to be
substantial load with the increase of load per axle fitted
undertaken and details of permission obtained from National
with the trailer.
High way/State High Way. If all the parameters are
scrupulously maintained, the possibility of losses will be
The above examples of loss prevention are not exhaustive
reduced and consequential revenue loss due to delay in
and there will be enough scope to control the losses by
project for loss of cargo can be avoided. The following process
adopting reasonable precaution.
may be adopted to avoid losses
Packing materials should be sufficiently strong to carry
Conclusion
the goods and withstand the normal hazards
When the extent of loss has been determined, the potential
encountered during movement. Proper dunnage should
for improvement should be observed. It is also to be examined
be provided for the fragile goods to arrest movement of
the cause of loss and cost involved to minimise the element
the goods inside the packing cases.
of risk. In some cases, the cost for improvement of the risk
Loading and unloading should be supervised by a
may be insignificant but difficulties may arise to take some
competent person(s) of the company or surveyors
actions against the Carriers and/or the Warehouse keeper
nominated by the underwriters
and/or other wrongdoers responsible for the loss due to
Selection of vessel is also important factor. The reputed commercial and political reasons. However, if awareness on
lines with recognised class and financially stable should
loss prevention is developed amongst all classes of people in
be engaged for transportation of cargo
every sphere of life, the resulting benefits to the society will
The consignment should be stuffed into the containers stabilise the economic condition of the country.
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Media Partner is The Insurance Times.

The Insurance Times January 2023 21