Mission & Strategy

Mission & Strategy

To create a unique forum for international freight forwarders and logistics providers, which establishes credibility amongst its participants, provides reassurance to those, that trade with its participants and ultimately includes underwritten guarantees between participants.

Global Logistics Shield represents a brand signifying low risk and proper financial conduct of participants towards forwarders doing business with the participants, hence Global Logistics Shield endorsement and participation signifies a substantial commitment from participant’s management and owners, and places participants with a class attracting status.

Only professional and responsibly operated companies will attain membership and thus achieve the international mark of reassurance and protection.

Network Independance

Global Logistics Shield is a network independant insurance offering, who welcomes applications from all networks as well as individual forwarders.

Efficiency

Global Logistics Shield aim to operate as efficiently as possible by using a combination of technology and experienced logistics and insurance professionals operating the day to day business.

Reasonable Costs =Limited Risk

A reasonable cost is secured by an initial and as well as continous thorough audit of insurance applicants and insurance takers, making use of and supplementing existing risk assessments from industry networks as well as generic financial assessment facilities.

Strategies

The mission is achieved by applying the following strategies:

to work closely with forwarder networks & associations
to promote timely payment of freight amongst participants
to carefully, yet firmly, punish those, who violate the global logistics shield brand and conditions
to keep insurance and administration payments low and decreasing over time

Measures

The successful execution of the corporate strategies is measured by:

acceptance and support from industry networks, associations and other stakeholders
successful and on-going implementation of firm assessment procedures and due diligence
low/ minimal debt insurance claims