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Insurance sector warns retailer charters may bust cargo cover limits

Retailers are advised that shipping is a very different industry to their own and without expert advice from charter brokers, charterers’ liability insurance will be very difficult to get

‘If you charter your own ship and fill it up with your own stuff, you are going to smash through your per shipment limit … You are going to be exposed, if that ship sinks, to all your stuff going down,’ argues firm’s senior vice-president

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