December 2006
Intermediate to advanced
464 pages
8h 29m
English
book
Global Sourcing Logistics: How to Manage Risk and Gain Competitive Advantage in a Worldwide Marketplace
by Thomas A. Cook
Content preview from Global Sourcing Logistics: How to Manage Risk and Gain Competitive Advantage in a Worldwide Marketplace
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tries to collect against a legitimate loss or damage the
scope of coverage is limited and no indemnification exists.
The DIC endorsements will provide coverage in these
cases.
Duty and Taxes. A company that imports goods will
need to ensure loss or damage claims also extend to the fi-
nancial consequence attached to payment of duty and
taxes.
Terrorism Risk Insurance Act (TRIA). After 09/11,
the government implemented the Terrorism Risk Insurance
Act of 2002, which has subsequently been extended to
December 31, 2007. Once the TRIA act was created, all ex-
clusions and coverage endorsements for terrorism coverage
became null and void. However, the TRIA applies only to
acts of terrorism that occur on U.S. soil. Under a cargo pol-
icy, the insured party has ...
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