Insights

With supply chains facing continued disruption from China’s zero-COVID policy, the war in Ukraine, and ongoing delays on most trade routes, 2022 remains a trying year for exporters. This post covers the top 4 issues Laufer is seeing with its export customers.

The worst time to realize you need insurance is after a loss event. If you typically don’t insure your cargo, now is a good time to reevaluate that option to make sure you are adequately covered in the event of a loss. Marine cargo insurance is comparatively affordable and protects you from catastrophic damages, so it offers a great deal of protection and peace of mind for a relatively minimal cost. It can also mean the difference between a quick claim settlement or months of waiting and back-and-forth to recover any value from your goods.

All eyes and attention are on the renewal status of this year’s master labor contract between the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) set to expire on July 1, 2022. The significance of the expiry and renegotiation of this agreement cannot be overstated as it covers operations at all US West Coast ports from Puget Sound to San Diego, including North America’s busiest terminals in the Los Angeles/Long Beach complex