Fareed Rahman
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sajeed ahmed
Thanks Mrs Umer for carrying on such a noble cause.
In todays world where one doesnt have time to care for the close ones, you are going out and helping the less fortunate souls.
Feels good that humanity exist.
May God help give you more strength to keep going.
Dr KB Vijayakumar PhD
In Dubai (I dont know about other Emirates) nobody bothers to insure stocks in transit. I was working for a big group. I noticed that stocks in transit of even millions in value were not insured while in local transit either from or to the port. The reason given by the GM was that the insurance companies shy away from paying out citing some reason or other and transit insurance is very costly. Can it be costlier than the goods itself?
Now, we see here that the goods were not on the Dhow and therefore not covered under insurance. But what about the Seller / Buyer of the goods.have they not insured in transit?
I used to present programs on Letters of Credit and UCP 600. Almost 99% of the participants were not aware of transit insurance despite Dubai being a re-export hub.
In my opinion the Dhow owner is not responsible for the goods on the banks of the creek and therefore the loss will not be on him.
He has a valid point to fight out.
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