Effect of Rise in Nickel Prices on Transport in Europe

Recently Nickel prices rose significantly; this increases the risks for shippers, and stipulates the need for a proper goods in transit insurance.

Over the past year Nickel prices have risen significantly. This recent rise has implications for the risks that you as a shipper are exposed to.

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Carriers & Liability

All our carriers operating within Europe adhere to the CMR conditions as a standard practice. According to these conditions, the carrier’s maximum liability is approximately 10 Euros per kilogram in the unlikely event of lost or damaged cargo. For shipments weighing 25 metric tons, this translates to a capped liability of around 250,000 Euros per incident. As a result, in cases such as a full trailer theft containing Nickel, only a fraction, approximately 10%, of the cargo’s value would be reimbursed. This heightened risk exposes shippers to increased financial vulnerability.

What does Metaal Transport do?

We strictly choose professional and dependable carriers to ensure your goods are delivered intact and on schedule. Additionally, we enforce stringent safety protocols with our carriers to mitigate and prevent any theft-related risks. It’s important to note that we operate primarily as a forwarder, and as such, we are not inherently liable for any damage or loss of weight during transport, as per our agreed-upon conditions. However, in the unfortunate event of theft, we remain fully committed to assisting you throughout the claims process and exert all possible efforts to recover your goods. Moreover, we offer assistance with obtaining transport insurance for added peace of mind.

Solution

The difference between the maximum liability of carriers and the total value of Nickel transports implicates a huge gap and risks for shippers. We can help you with a proper in transit insurance to fully cover your transports within Europe.

Are you interested in a proper insurance over the total value of your transports for the entire year? Or want to insure a single transport?

Please contact us!