Sendy and LAMI Technologies, a Kenyan insurance technology company have announced a partnership that will enable carriers in East Africa to access simple, hassle-free, and affordable Goods in Transit insurance customized on a per-trip basis. Powered by LAMI’s insurance API, carriers across the region will automatically benefit from a free policy of up to KES 5,000,000 for all moves done on Sendy’s online freight platform.
Here’s how it works:
Goods In Transit Insurance Frequently Asked Questions (FAQs)
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A steady climb in shipping rates witnessed since March 2020 showed signs of easing this October for the first time in over a year. The freight cost on the busy Shanghai-Los Angeles trade route for a 40-foot container sank by almost $1,000 last week to $11,173, representing a decline of eight percent, which analysts say is the steepest fall since March 2020.
The cost of transporting cargo has dropped to levels last seen in 2009 as transporters continue to grapple with low volumes of freight at the port of Mombasa. The decline in cargo has been attributed to the high cost of shipping, occasioned by a shortage of containers globally, which has seen traders cut down on imports.
The containerised cargo dwell time at the port of Mombasa improved in quarter two of this year but remained below the December 2022 set target, according to Northern Corridor Transport Observatory quarterly report.An analysis by the agency shows that it took cargo an average of three days to be evacuated from the Port of Mombasa in the quarter ending June 2021.