Forwarders on the hook for more project cargo risk
Janet Nodar, Senior Editor, Breakbulk and Heavy Lift |
"The amount [of risk] is up,” said Pat Roche, vice president, project and energy services, Expeditors, a freight forwarding company. “EPC [engineering, procurement, and construction] contracts are evolving.” Elements that have become more open-ended include execution of performance bonds, cargo lien waivers, and indemnification clauses, he said.
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