Incoterms® 2020: Defining EXW, FCA, CPT & CIP
In January 2020, the International Chamber of Commerce (ICC) released the latest edition of Incoterms®. Updated every 10 years, these 11 terms of trade for the sale of goods are the foundational guidelines for business-to-business transactions […]
What Insurance is Needed When Using a 3PL Warehouse?
Transporting goods from production facilities to their final destinations often involves a stopover along the way in a 3PL warehouse. Even though they are no longer “in motion,” your goods face just as many risks and it’s important to understand how you can get the most protection from liabilities. Whether you’re using just a portion of the facility or the... […]
COVID-19’s Current Impacts on Domestic Shipping
After experiencing record lows in April and May as the country shut down in an attempt to contain the coronavirus pandemic, June’s transportation figures are more hopeful. Experts cautiously agree that the shipping industry is bouncing back and project that this is a reflection of the overall economy. Here’s what we know to date. […]
Falvey Shippers In-House Capabilities - Part 3: Underwriting
With 25 years of insuring goods in transit and over 250 combined years of cargo underwriting experience within Falvey Insurance Group, Falvey Shippers Insurance is the leader in shipper's interest underwriting. While many companies claim to be innovators, Falvey Shippers Insurance (FSI) has been at the forefront since 2009, underwriting the ever-changing... […]
Falvey Shippers In-House Capabilities - Part 2: Claims
Claims are an inevitable part of the insurance process. When they arise, you want them handled as quickly and efficiently as possible. That’s where Falvey Shippers Insurance comes into play. We know you would prefer to spend your valuable time focusing on your business rather than dealing with insurance claims and that is why we address every claim in-house... […]
Falvey Shippers In-House Capabilities - Part 1: Technology
At Falvey Shippers, we believe in the power of simplicity, which begins with our capabilities. All of our operations - Technology, Underwriting and Claims - reside in-house. In this three-part series, we will dive further into each of our specializations. […]
30 Shipping Insurance Terms You Should Know
Shipping insurance has a long list of terms specific to the industry, many of which aren’t self-explanatory. But even though the vocabulary can be tricky, it’s important to know what certain terms mean in your insurance policies before signing on the dotted line. Whether you’re looking to brush up on the terminology or you’re searching for the definition... […]
3 Ways the Coronavirus is Affecting the Shipping Industry
As the COVID-19 virus, also known as the Coronavirus, continues to spread across the world, it’s disrupting global supply chains. At the onset of the outbreak, China isolated itself, closing many of its ports, airports, and factories, which greatly impacted the shipping industry. […]
Porch Pirate Prevention Plan
We often hear about porch pirates during the holiday season, but someone can swipe a package from your doorstep any day of the year. In fact, the New York Times recently revealed that a reported 90,0000 packages go missing from porches each day in NYC alone. […]
Holiday Season Shipping Trends and Statistics
Virtually all experts have predicted that holiday spending will grow significantly for 2019. While trade war tensions and stock market volatility may somewhat impact that growth, it’s doubtful that it will be by much. Low employment, increasing wages, and high consumer confidence have put the U.S. economy on an upswing that’s expected to translate into... […]
