Discrepancies in weight between loading and discharge are a major problem when trading high value agricultural commodities. Costly penalties may result from not meeting customs and/or contractual obligations.
Guarantee solutions mitigate risk
Full outturn guarantee (FOG) is our one-stop solution for mitigating this risk. We assume responsibility for any weight differences, thereby minimizing any losses that may occur through:
- Customary trading
- Errors in measurement
- Theft
- Other unknown factors that cannot be assigned to another party
FOG is just one of a suite of guarantee solutions. Our other services include:
- Comprehensive cover (marine insurance and FOG)
- Full outturn quality (FOQ)
- Non-Rejection Guarantee
- Fumigation guarantee
- Seller’s interest/contingency insurance