How to reduce the risks associated with logistics and freight transportation?

Any logistics freight has certain risks, and Thailand's logistics transportation is no exception. So how can we reduce risks and minimize losses? Let's take a look below.

1. Please provide specific information on the operation of the goods. If you are concerned that the foreign agent may not deliver the goods in one go, which may result in domestic customers being unable to receive payment. Due to the fact that the customer retains the original bill of lading from the domestic agent, in this situation, if the customer files a lawsuit with the court, the domestic agent will undoubtedly suffer losses. If the payment amount is high, the agent may go bankrupt. If the agent's assets are not large, even if liquidated, the customer will not receive much compensation. Therefore, both agents and customers are losers, so it can only be cheaper for foreign agents and shippers.

2. Unintentional or intentional operational errors by freight forwarders, such as vessel mismatch, port errors, forgetting cargo insurance or document errors, resulting in delayed delivery of goods or problems with customs clearance at the destination port, will cause certain losses to customers. At present, there are many such losses, many of which are too big to do, and customers believe they have a lot of bad luck. Due to the fact that agents and customers are losers, in response to these two risks, on the one hand, we can join a formal international freight alliance, as the organization will conduct pre audit, intermediate supervision, and timely elimination of problems to ensure the reputation and service quality of the alliance enterprises.

On the other hand, freight forwarding liability insurance can be insured. The advantage of this insurance is that the insured amount is very high, and each single cargo accident can provide a maximum compensation of $1 million, which is equivalent to over $6 million. Basically, it can cover the value of most transported goods. In order to ensure the safety of customer goods, agents can avoid most of the losses caused by their own responsibilities.