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2006 High-Tech & Electronics Logistics/Supply Chain Summit
Risk Solution for Global Logistics Operations – Stock Throughput Program
presented by
Sunny Chen Aon Risk Services Taiwan Limited
October, 2006
Stock Throughput Program
Risk Solution for Global Logistics Operations Stock Throughput - - PowerPoint PPT Presentation
Risk Solution for Global Logistics Operations Stock Throughput - - PowerPoint PPT Presentation
2006 High-Tech & Electronics Logistics/Supply Chain Summit Risk Solution for Global Logistics Operations Stock Throughput Program presented by Sunny Chen Aon Risk Services Taiwan Limited October, 2006 Marine Cargo Insurance v.s.
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Stock Throughput Program
Stock Throughput Program
One Policy to cover all transit and storage exposures for stocks of an Assured on a worldwide basis
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Stock Throughput Program
Local purchases of supplies,raw material/ finished products Imports purchases/ supplies of raw materials finished products Premanufacture stocks Premanufacture stocks Manufacturing Plant Storage of finished products Overseas storage Local transport Final distribution Transit to factory or distribution warehouse Including during manufacturing but not losses resulting from the manufacturing process Export transit Transit to final customer Sub-contractors Premises
Transit Ins. STP Ins.
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Stock Throughput Program
Global Stocks Throughput Program (STP)
- Single Policy
- Cover the risk of stocks in worldwide
– In transit
- Inland, Ocean Vessel, Air
– In storage
- Own Location
- 3rd party‘s warehouse
- Unnamed Location
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Stock Throughput Program
Global Stocks Throughput Program (Cont‘)
- Advantage of STP
– Global Logistics Operation – Cost efficiency – Same coverage in different countries – No gap in coverage – No time limit in storage – Easy to administration
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Stock Throughput Program
STP Structure
- STP Coverage
Stocks Storage in Insured’s premises Marine/Air Transit + Inland Transit + Exhibition Stocks Storage in 3rd party warehouse
+
Stocks in Processing
+ +
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Stock Throughput Program
Loss is Preventable
- Alert of Risk
- Application of Best Practice for selection of
– a trucking company – a warehosue – Transit security
- A Professfional Risk Consultant
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Stock Throughput Program
You Can Contact Us
Aon-Cofco Insurance Brokers Co., Ltd.
Tel: 86 21 50498333 Shelley Wu Email : shelly_wu@aon-cofco.com.cn
Aon Risk Services Taiwan Ltd.
Tel: 886 2 2325 2221 Sunny Chen / Ext 306 Email : sunny_chen@aon-asia.com
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Stock Throughput Program