Freight risk management

Understanding transportation risk is a key aspect in mitigating risk within cargo movements. Aspects of freight risk will be explained in this skills program in order to capacitate you to manage risk successfully.

Risk management is an integral part of effective transportation management. It is the process of identifying risk, its causes and effects with the aim of increasing overall understanding in order to manage, reduce, transfer or eliminate threats to successful freight transportation. Without sound knowledge and a good understanding of freight risk, it will be difficult to mitigate and manage risk effectively. The value of this skills program in facilitating the acquisition of the important key aspects of risk management cannot be underestimated.

The topics that will be focused on include risk categories, packaging, insurance, liability, documentation, handling of cargo claims to mention a few. The information presented is comprehensive and provide practical procedures to follow in case of claim processing.

Target group
Employees in Freight ForwardingOperations focusing on freight insurance and claims

Learning outcomes

• Types of goods and transportation risk in each class of goods
• Risk associated with origin, destination, route, storage and shipment
• Risk of packaging and types of containers used
• Insurance cover, risk categories and restrictions
• Consequences of incorrect documentation
• Different calculations to determine value of loss
• Importance of pursuing recoveries
• Effective handling of claims