Last week, two container ships were hit in Hormuz.
One sank.
All 43 crew members survived.
But what happens to the cargo?
A shipment can have all-risk insurance.
Yet that may not settle a claim.
For cargo owners, the difference can be costly.
So what would actually be covered?
Here are 5️⃣ signals behind it:
1️⃣ The danger is real
GFS Pride was struck on 13 October.
The 2,824 TEU ship later sank.
GFS Giselle was damaged the next day.
Singapore confirmed both incidents.
💡 Route risk matters before a booking is made.