Dear Client, Greetings from Beacon!!! As a part of our continuous communication, it is our consistent endeavour to keep you updated regarding your marine transit. We would like to inform you about a recent fire incident on cargo hold no.5 of XIN HAI TONG 39 during cargo operations at Aqaba port, Jordan. Vessel Name- XIN HAI TONG 39 Voyage- Far...

Dear Sir/ Ma’am, Please find attached note - GEOPOLITICAL TENSIONS SHAKES UP THE GLOBAL TRADE. This write up shows how Geopolitical tensions have disrupted global trade, impacting Indian exporters with delayed payments and disrupted supply chains. In order to ensure stability in business especially in export, where political factors may affect business, we require to take precautionary measures. Trade credit...

Dear Readers, Greetings from Beacon!!! As a part of our continuous communication for our clients, we are continuing it with reference to  recent  Baltimore incident and its probable impact on various line of insurance products like Marine cargo, Marine Liability, Business Interruption losses etc. This incident is a perfect example of how a single maritime incident  can trigger multi-dimensional aspects...

Dear Client, Greetings from Beacon!!! As a part of our continuous communication we feel immense pleasure to keep you updated regarding your marine cargo policy. We would like to inform you about a recent incident which may further provoked General Average declaration by Its Ship-owner. On Tuesday, 26.03.2024, the 9,000 T.E.U ship DALI crashed into a support pylon of the...

Dear Patron, It is pertinent to note that vide notification issued in the year 2006, tariff has been in force for Fire, LOP and Engineering class of insurance with respect to WORDING including general regulations, conditions, clauses, policy wordings etc. BUT other than those relating to premium / premium rating. The pricing part was only de-tariffed and currently pricing is...