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. Stock Throughput Stock Throughput Program
Stock Throughput Program One Policy to cover all transit and storage exposures for stocks of an Assured on a worldwide basis Stock Throughput Program
Local purchases of Imports purchases/ supplies of raw materials supplies,raw material/ finished products finished products Transit to factory or distribution Transit Ins. Premanufacture Premanufacture warehouse STP Ins. stocks stocks Including during Sub-contractors Manufacturing manufacturing but not losses Premises Plant resulting from the manufacturing process Storage of finished products Export transit Local transport Overseas storage Final distribution Transit to final customer 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 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 Stock Throughput Program
STP Structure • STP Coverage Stocks Storage Stocks Storage Stocks Marine/Air Transit in in in + + + + 3 rd party warehouse Insured’s Processing Inland Transit + premises Exhibition 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 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 Stock Throughput Program
Q & A Stock Throughput Program
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