An insurance term referring to any defect or other characteristic of a product that could result in damage to the product without external cause (for example, instability in a chemical that could cause it to explode spontaneously). Insurance policies may exclude loss caused by inherent vice.
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Latest Freight News Freight News Archive
New silk factory to increase Rwanda’s exports
A new factory will open next month at the Kigali Special Economic Zone to improve Rwanda’s silk sector. It will buy cocoons from farmers and make products to be exported. Rwanda Silk Processing Factory is a result of a partnership ...Read More
Plan to increase N Australia mango exports to China
A project expected to increase northern Australian mango exports to China by 200 per cent within five years has been announced. The project will use the latest in supply chain management, quality assessment tools and information technology platforms to find ...Read More
EU may impose import tariffs on rice imports
The European Union may impose tariffs on rice imported from Cambodia and Myanmar for the next three years in order to reduce a surge in imports. The Commission proposes to set a duty of 175 euros ($200.73) per tonne of ...Read More
Increase in import tariffs will hurt SA, says Brazilian poultry association
An association which represents Brazilian poultry exporters has warned of the consequences for South African consumers and the broader economy if an new application for an increase of import tariffs on frozen chicken portions is granted. South Africa’s poultry sector ...Read More
