Global Logistics Shield

Global Logistics Shield (GLS) is a 2009 Hong Kong incorporated legal entity offering freight protection services for forwarders and logistics providers.

GLS supports national and international freight forwarder networks and their members, by establishing a status of credibility of GLS participants, and thereby providing financial security to creditors of protected participants.

The GLS Freight Protection Plan consists of two key components:

  • underwritten participant bankruptcy insurance for creditors
  • The GLS Timely Freight Payment Monitoring & Alerting Scheme see more

Participants' creditors, who are themselves participants and mutually covered by The GLS Freight Protection Plan, are financially protected in case of participant's bankruptcy. GLS is neutral and independent from any single network or association. The GLS Freight Protection Plan is available to all forwarders directly or via co-operating forwarders' or logistics providers' networks and associations and selected partners.

The insolvency and bankruptcy insurance is underwritten by Chartis Insurance (Hong Kong) Limited as General Agent for American Home Assurance Company, Hong Kong Branch, arranged by M.G. Geraghty (Insurance Brokers) Limited, Hong Kong.

If you are a forwarders' or logistics providers' network, association or club, see more about the affiliate plan offered by GLS here. If you are a forwarder or logistics provider not affiliated with a co-operating network, read more about the GLS Freight Protection Plan here.

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News
  • May 2010: Launch of GLS cover to initial freight forwarder network members
  • April 2010: Sign-up with underwriter
  • December 2009: Pre-launch of GLS at Macau's "The Freight Summit"
  • October 2009: Incorporation of Global Logistics Shield Limited"