Natural risk

Severe weather: such as typhoon, hurricane, rainstorm, tsunami, etc., which may lead to ship turbulence, damage, or even sinking, causing cargo loss or damage. For example, in 2018, the super typhoon "Mangkhut" hit the southern coastal areas of China, forcing many ships in transit to seek shelter from the wind. Some ships experienced flooding and damage to their cargo holds.

The sea conditions are complex, including reefs, shallow waters, icebergs, etc., which may cause ships to run aground and cause cargo damage. For example, in history, there have been ships sailing in the waters near Antarctica that suffered shipwrecks due to iceberg collisions, causing their cargo to sink along with the ship.

Ship risk

Ship malfunction: Malfunctions in the ship's engine, navigation equipment, and hull structure may cause the ship to lose power, deviate from its course, affect transportation time, and even cause the ship to be in distress, endangering cargo safety. For example, engine failure on a ship may cause it to drift at sea, increasing the likelihood of encountering other dangers.

Ship collision and grounding: Due to crew operational errors, poor visibility, navigation equipment malfunctions, and other reasons, ships may collide with other ships or run aground in ports, waterways, and other areas, resulting in damage to goods or delayed delivery.

risks of goods

Damage to goods: During the loading and unloading process, improper operation, improper use of tools, and other reasons may cause damage to the packaging and the goods themselves; During transportation, goods may also be damaged due to collisions or compression caused by ship bumps, improper stowage, and other factors. For example, fragile and vulnerable goods such as glass products and electronic products are prone to damage if not properly protected during sea transportation.

Lost goods: Goods may be lost due to theft, pirate attacks, or other reasons. In some areas with frequent piracy activities, such as the Gulf of Aden and Somali waters, passing ships have been repeatedly attacked by pirates, and their goods have been looted.

Goods deterioration: For some goods with special storage requirements, such as refrigerated goods, perishable goods, etc., if the refrigeration equipment fails or the ventilation conditions are poor during transportation, it may cause the goods to deteriorate and rot.