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
Record citrus exports
Southern Africa citrus growers will export a record crop of almost 137m boxes of citrus fruit to more than 100 countries this year. It is hoped that the increase in exports should result in job opportunities, more foreign exchange revenue ...Read More
Tags: exports
Grape exports record from Peru
Peru should finish the 2018-19 table grape season with exports of 50 million 8.2 kilogram boxes. This means a 51.5% rise in exports over the previous season, which was severely affected by heavy rains and flooding at the start of ...Read More
Tags: China, exports, Netherlands, USA
Poland and Czech Republic against illegal waste imports
Poland and the Czech Republic are planning to cooperate more closely against illegal waste shipments. The countries signed a declaration about illegal trans frontier waste shipments at the end of February. The governments also intend to set up a joint ...Read More
China allows Tesla Model 3 imports
The Customs Authority of China has lifted the suspension on imports of Tesla’s Model 3. “We can confirm that the warning notice on Tesla has been canceled,” said an official, from the Customs Service. China import authorities stopped clearing Tesla ...Read More
