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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Containers in a port
Latest Freight News Freight News Archive
Two atypical cases of mad cow disease detected in Brazil, beef exports to China suspended
Two cases of mad cow disease have been detected in Brazil, which has resulted in suspension of its exports of beef to China. The precaution was taken under an existing bilateral protocol between the two countries, although the ministry stressed ...Read More
Port congestion hampers shipping
As well as an international shortage of containers, there is congestion at major international ports. Some sea terminals in China have been closed due to strict measures to control the COVID-19 pandemic. Now that the international economy is starting to ...Read More
Shipping crises may afffect gift prices
There are concerns that the global shipping crisis may mean that consumers may pay higher prices for Christmas gifts. The cost of importing products from China has risen to record levels. “If you were paying $2,000 to move a container ...Read More
Delays of mango exports to Pakistan
Exports of mangoes from Kenya to Pakistan have been delayed because Kenya is being slow to approve a memorandum of understanding (MoU) already agreed upon by the two countries. The Pakistan High Commissioner to Kenya said her country is ready ...Read More
