CARGO INSURANCE IN THAILAND’S BORDER TRADE
To avoid the cargo damage during the transportation is one of the concerns for shippers and consignees. Since cargo damage not only results in the loss of valuable goods but also define significant financial, temporal, and resource burdens on the transporting company. Addressing damaged goods need the collaboration with insurance providers to recuperate losses, a process that can be time-consuming and resource intensive. As such, a proactive approach involving the procurement of insurance coverage prior to the commencement of cargo transportation is highly advisable. Authors focus on development of cross-border cargoes insurance in Thailand. The purpose of this journal was to analyze the risks and the trend of the cross-border cargo insurance in Thailand’s border trade. This research was conducted through qualitative research methods. The data were collected from sources of research publication and government entity. Therefore, based on synthesis and extraction factors, author discover the potential trend for the cargo insurance increasing among Thailand and its neighboring countries and this data could be further developed as a tool for assessing the cargo insurance.
Cargo damage, Cargo risks, Cargo insurance, Cross-border cargoes