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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US, UK praise Turkey for enabling grain exports
The diplomatic missions of both the US and the UK in Turkey separately hailed Ankara for efforts to enable the exports of Ukrainian grain which had been stuck for months due to the ongoing Russia-Ukraine conflict. The first ship carrying ...Read More
Tags: exports
Shipping company expects weak container demand
A major international Shipping group expects global container demand to fall this year; they expect sales of durable goods come to a "standstill", leaving flat-screen TVs and furniture piling up in warehouses in the Asia. A increse of consumer demand ...Read More
New EU rules risk Africa farm exports
The agricultural sector plays a critical role in supplying food and export earnings for devloping countries. Leaders in these countries need to take the newly established European Union (EU) regulations seriously. The European Commission unveiled measures intended to increase the ...Read More
Tags: exports
Under-invoiced Imports depress India prices
Exporters and traders of walnuts from Jammu and Kashmir, India's major walnut growing region, have claimed that imports of the premium nut, particularly from Chile, were under-invoiced in order to avoid the 100% import duty imposed to protect local producers. ...Read More
