Author Topic: insurance question for shippers and anyone else  (Read 4809 times)

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Offline 68pony

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insurance question for shippers and anyone else
« on: June 16, 2010, 04:18:11 PM »
Hi all , i was wondering, has anyone that has shipped a car from anyware overseas lost the container overboard or has the container been dropped and writing of the cars inside , its just seems abit pricey to insure a car to get here and i was wondering how many cars are actually lost at sea , i asked ken this question and in all his years he has never lost a container at sea, i know they can get damaged when unloaded but that seams minimal damage, any feedback would be good.
cheers chris

Offline HAPPY ONE

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« Reply #1 on: June 16, 2010, 04:21:37 PM »
68 Pony,

Watch this space.........:+:+:+

Offline tim_morrison82

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« Reply #2 on: June 16, 2010, 04:34:06 PM »
i did see a photo on someones photobucket of their container that crumpled under the weight of the containers on top... not sure who's it was, but the pics were heart breaking...

Offline cage

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« Reply #3 on: June 16, 2010, 04:50:29 PM »
If you didn't insure it for the trip over and it fell of the boat or got major damage on the way over like the top car collapes on to yours which may be on the bottom for example or rough seas moves the car around and into the sides of the container you would be spewing. For the small cost of insuring compared to the value of the car atleast you are covered. If this unfortunate circumstance happened then the cost of insuring would be nothing compared to the cost of fixing the car out of your own pocket. Up to you Pony but piece of mind is a wonderful thing, much better then hindsight that for sure.

Offline 68pony

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« Reply #4 on: June 16, 2010, 05:20:19 PM »
Quote from: cage link=topic=11033.msg114812#msg114812
If you didn't insure it for the trip over and it fell of the boat or got major damage on the way over like the top car collapes on to yours which may be on the bottom for example or rough seas moves the car around and into the sides of the container you would be spewing. For the small cost of insuring compared to the value of the car atleast you are covered. If this unfortunate circumstance happened then the cost of insuring would be nothing compared to the cost of fixing the car out of your own pocket. Up to you Pony but piece of mind is a wonderful thing, much better then hindsight that for sure.

Hi cage , i'm not disagreeing with what you are saying , i'm just thinking these insurance companys are on a winner here , how many claims are there is what my question is and how much are these insurance companys ripping us off, as there would be hardly any loses compared to the premium they charge.

Offline Dyn4mic

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« Reply #5 on: June 16, 2010, 05:24:06 PM »
im sorry cant help but laugh at some of these, but cry if it was one of urs
[img=700x525]http://gcaptain.com/maritime/blog/wp-content/uploads/2008/09/disaster2008cma_dahlia6.jpg[/img]





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Offline Red 66

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« Reply #6 on: June 16, 2010, 05:24:10 PM »

 I agree 68pony insurance for the boat trip seems high, but i suppose there isn't much competition either :[

  Barry

Offline mark678

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« Reply #7 on: June 16, 2010, 11:00:20 PM »
Hi
i never insure unless the vehicle is very expensive, the insurance company charge 2 different rates one for total loss and one for damage, they charge a percentage of the value of the container, and it is pretty expensive considering.......but of all the years and the people i know who ship never known a container to go overboard, ......but i believe it has happened !!!

Offline mikes68

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« Reply #8 on: June 16, 2010, 11:07:37 PM »
Just found this article... not the definitive source but maybe something close.


Found at:  http://wiki.answers.com/Q/How_many_shipping_containers_are_lost_in_the_ocean

How many shipping containers are lost in the ocean?

10,000/Year

A comment at Cruiser's Forum places the number of containers lost at sea at 10,000. This number is apparently supported by a National Geographic article, " Lost Sea Cargo: Beach Bounty or Junk?," that also places the number at 10,000.

Other sources claim the number is much closer to 2,000. Vero Marine Insurance cites this figure on their website's Containers Overboard page. They say,

"At any given time, between 5 million and 6 million boxes are in transit. The TT Club [Through Transport Club] calculates that the total number lost over the side is probably less than 2,000 per year. This means that less than 0.005% of the containers shipped each year end afloat in the ocean"

The International Maritime Insurance Agency may be another source for information on this topic.

Cheers,
Mike

Offline cage

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« Reply #9 on: June 17, 2010, 09:26:47 AM »
Quote from: 68pony link=topic=11033.msg114818#msg114818
Quote from: cage link=topic=11033.msg114812#msg114812
If you didn't insure it for the trip over and it fell of the boat or got major damage on the way over like the top car collapes on to yours which may be on the bottom for example or rough seas moves the car around and into the sides of the container you would be spewing. For the small cost of insuring compared to the value of the car atleast you are covered. If this unfortunate circumstance happened then the cost of insuring would be nothing compared to the cost of fixing the car out of your own pocket. Up to you Pony but piece of mind is a wonderful thing, much better then hindsight that for sure.

Hi cage , i'm not disagreeing with what you are saying , i'm just thinking these insurance companys are on a winner here , how many claims are there is what my question is and how much are these insurance companys ripping us off, as there would be hardly any loses compared to the premium they charge.



I don't disagree with you. My insurance costs me $700. Opened the container this morning and everything seems OK. In this case I suppose you can say I wasted $700 but if it was damaged I would have been happy with this cost. Oh well damned if you do damned if you don't. The insurance companies certainly have the power in these transactions.

Offline 68pony

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« Reply #10 on: June 17, 2010, 11:26:23 AM »
Quote from: mikes68 link=topic=11033.msg114888#msg114888
Just found this article... not the definitive source but maybe something close.


Found at:  http://wiki.answers.com/Q/How_many_shipping_containers_are_lost_in_the_ocean

How many shipping containers are lost in the ocean?

10,000/Year

A comment at Cruiser's Forum places the number of containers lost at sea at 10,000. This number is apparently supported by a National Geographic article, " Lost Sea Cargo: Beach Bounty or Junk?," that also places the number at 10,000.

Other sources claim the number is much closer to 2,000. Vero Marine Insurance cites this figure on their website's Containers Overboard page. They say,

"At any given time, between 5 million and 6 million boxes are in transit. The TT Club [Through Transport Club] calculates that the total number lost over the side is probably less than 2,000 per year. This means that less than 0.005% of the containers shipped each year end afloat in the ocean"

The International Maritime Insurance Agency may be another source for information on this topic.


See thats what i mean , cage paid $700 for a 0.005 % chance of loosing the container, what a rort , i didn't pay for insurance but in my case i had no car on top and  was last one in and we just rolled it out of the container so less risk there , yes i did have a few sleepless nights but tracking the ship made me feel more comfitable.

Offline cage

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« Reply #11 on: June 17, 2010, 01:40:03 PM »
Hey Pony, spoke to the guy at the docks and asked him about damages etc. He told me that a full 40" container fell off one of the forks yesterday and recked everything in it. I wonder if the shipping insurance covers that or once it lands you need Australian insurance to cover it in the docks. The poor guys who had stuff in that container.

Offline j1autotech

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« Reply #12 on: June 17, 2010, 10:21:38 PM »

68Pony,

My last car that I shipped was from Sth. Africa.
I used a RoRo ship to get it across. It was the only 2nd hand car on the vessel. The rest were all brand new Merc's, BMW's, and Fiat's, plus a few bus chassis'.
I didn't bother insuring, as the car already had plenty of character on the shell. The fact that it was also surrounded by new cars and the people that loaded and unloaded them obviously had 1/2 a brain set me at ease.

I did insure the Mustang from L.A. though as Americans are just... well... they are just.


I have shipped around 5/600 containers in my line of work, and only had a few problems. I did get moisture/humidity damage in a couple one time in Malaysia due to a monsoon in the area and shipping from the southern to northern hemisphere over an extended period.

The only vehicle damage was with a XY GT that was shipped from Pretoria Sth. Africa. It was transhipped through KL before arriving in Perth. Somewhere along the way it was swapped into another container and not tied down properly. It was a rough trip and proceeded to rub up and down the container wall on the driver’s side as well as use the front bumper as a battering ram to hammer the 2 spare 4v 351's that were crated up in front of it. The car has since been repaired at the cost of the shipper being at fault.

When I ship, I pay extra to have the containers top loaded so they are last on, 1st off depending on location. This is usually classed as being the riskiest part of shipping due to the degree of body roll of the ship and the fact that it may get washed off during a major storm. With all the companies I have worked with I have never heard of anyone losing a container. I think the riskiest part of shipping is the container forklift drivers. The majority are great but I have seen some bloody rough ones as well. Adds a whole new meaning to the terms 'touch parking'. This I feel is where most damage is done.

J1


[IMG=700x466]http://i116.photobucket.com/albums/o13/j1autotech/Fairmont%20GT/Roro%20ship%20that%20the%20GT%20is%20travelling%20to%20Aus%20in/ShipPhotoQueenSapphire2.jpg[/IMG]

[IMG=700x466]http://i116.photobucket.com/albums/o13/j1autotech/Fairmont%20GT/GT%20Arrives%20in%20Melb/small_Picture017.jpg[/IMG]

[IMG=700x466]http://i116.photobucket.com/albums/o13/j1autotech/Shipping%20problems/1487020-20cargo20collapse20containe.jpg[/IMG]

[IMG=700x466]http://i116.photobucket.com/albums/o13/j1autotech/Shipping%20problems/Carla.jpg[/IMG]

[IMG=700x466]http://i116.photobucket.com/albums/o13/j1autotech/Shipping%20problems/ShipPhotoItalFlorida.jpg[/IMG]

[IMG=700x466]http://i116.photobucket.com/albums/o13/j1autotech/Shipping%20problems/accident2.jpg[/IMG]

[IMG=700x466]http://i116.photobucket.com/albums/o13/j1autotech/Shipping%20problems/cameo1.jpg[/IMG]

[IMG=700x466]http://i116.photobucket.com/albums/o13/j1autotech/Shipping%20problems/container-ship.jpg[/IMG]

[IMG=700x466]http://i116.photobucket.com/albums/o13/j1autotech/Shipping%20problems/disaster2007_Ital_Florida6.gif[/IMG]

[IMG=700x466]http://i116.photobucket.com/albums/o13/j1autotech/Shipping%20problems/weeks165.jpg[/IMG]

[IMG=700x466]http://i116.photobucket.com/albums/o13/j1autotech/Shipping%20problems/weeks176.jpg[/IMG]
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Offline Dyn4mic

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« Reply #13 on: June 17, 2010, 10:28:25 PM »
:rol::rol::rol::rol::rol: @ the containers on fire that would suck so bad
Name: Pete
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Offline j1autotech

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« Reply #14 on: June 17, 2010, 10:37:35 PM »
Yep.... gotta have alot of faith in the drivers of the container forklifts.

They always managed to miss the GT whenever it was parked in the yard.

J1


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Offline 67FBGT

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« Reply #15 on: June 23, 2010, 01:40:31 PM »
It's all a matter of who carries the risk - either you do or you pay someone else to either fully or in part.
The pictures posted above are scary enough, but other things can go wrong too. I'm reminded of some photos I saw of the end result of a Mustang exported from NZ to Germany some years ago; it was supposed to go in a 20' all by itself, but someone put it in a 40' with 44 gal drums of someone else's export sharing & only a weak wall installed between; & presumably woefully inadequate tie-downs. Rough seas up north, & the end result was a Mustang that was so much shorter, taller & wider then usual, barely recogisable & very little even salvageable. Not a happy owner who had found the car of his dreams. Lots of finger-pointing trying to sort out who would take the rap.
Personally if it was a one-off then I'd fully insure because it's a personal item; but I might think differently if I was doing lots of shipping & was happy to carry some risk myself.

Offline tim_morrison82

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« Reply #16 on: June 23, 2010, 01:49:26 PM »
[IMG=700x525]http://i116.photobucket.com/albums/o13/j1autotech/Shipping%20problems/ShipPhotoItalFlorida.jpg[/IMG]

I think this might actually be the pic i was looking for, although it had a arrow saying "My 68 GT Fastback" pointing at the bottom crushed container...

i found the pic in a forum members photobucket account before i knew how to follow people... would be interested to find out what happened to this car...

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« Reply #17 on: June 23, 2010, 01:57:25 PM »
It was in humour Tim, I remember the post.

Offline tim_morrison82

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« Reply #18 on: June 23, 2010, 02:09:12 PM »
lol! i didn't see the post, just the pic in a photo album! ha!

Good to hear!

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« Reply #19 on: June 23, 2010, 02:40:59 PM »


Was in Steve's photobucket.

Offline tim_morrison82

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« Reply #20 on: June 23, 2010, 02:44:08 PM »
Thats the one! lol! cheers!

Offline soc123_au

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« Reply #21 on: June 29, 2010, 03:17:26 PM »
That was me being silly, my car was that bad when it arrived it was like it was in that container. Only some of the damage was related to shipping. Most was from being used as a water feature at Sea World.

 

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