International Union of Marine Insurers (IUMI) is preparing for its first web based conference – Stockholm 2020 – of which Vinge is a proud sponsor. In the latest edition of IUMI Eye, published just in time for the conference, Vinge’s Paula Bäckdén and Sweden Insurance’s senior advisor Mikaela Tamm discuss the implications of waiving liability limitations.
The liability of carriers for loss of, or damage to, the goods carried is as we all are aware limited both in terms of scope of liability but also in relation to the amount paid out to the owner of the cargo. In an environment where transport becomes a service like other services and is amalgamated with other services into a product that includes both transportation and also warehousing, repackaging etc., a carrier may be tempted, or even “forced”, to undertake a greater liability than what is described by law. The questions is - can you?
Here you can read the full article in IUMI Eye Newsletter September 2020.