Risk
avoidance
It is the duty of the insured and whoever is acting
on their behalf to:
- Take all reasonable measures to avoid or minimize
losses recoverable under the insurance.
- Ensure that all rights against third parties
(warehousemen, transporters, port authorities, etc.) are properly preserved and
exercised.
Loss in
weight
One matter clearly not covered under 'all risks' is
loss in weight that does not result from obvious theft or torn bags. Exporters
wishing to cover potential weight losses, for example when shipping coffee in
bulk, must expressly apply for such cover. Carefully check first whether it
would not be better instead to ensure that the correct quantity is always
shipped, possibly even with a small excess or tolerance.