Industry News
Insurers urged to simplify processes for clients
Windsor Framework implementation update HMRC has issued guidance to businesses based in Great Britain regarding new arrangements for the movement of goods to Northern Ireland, as set out in the Windsor Framework taking effect from 1 May 2025. BIFA Members are reminded that BIFA has shared a large amount of information on this subject over recent months which can be found at: https://bifa.org/2025/03/19/ windsor-framework- implementation-update/ Don’t keep it to yourself Not your copy of BIFAlink ? Register for your own copy by contacting Sarah Milton in membership s.milton@bifa.org or visit www.bifa.org/bifalink for a digital version. BIFAlink is the magazine of the British International Freight Association and is distributed free to Members.
Steve Parker, BIFA director general, joined Marcus Baker, global head of marine, cargo and logistics at Marsh, to deliver the opening address at the Cargo Insurance London conference. Addressing the reasons behind, and problems caused by, under- or uninsured cargoes, Parker and Baker focused on the amount of cargo premium available globally and explored whether there is an opportunity that the insurance market is currently missing.
Both agreed that the insurance sector needs to simplify the process for clients in regard to both placement and claims for cargo insurance,
so that everyone can win. If you would like to discuss this topic further, please contact Steve by email at s.parker@bifa.org
BIFA Annual Report available online
Following the positive feedback received after last year’s digital launch, BIFA’s Annual Report will remain paperless, with the 2024 edition now available to download at https://bifa.org/overview-of- bifa Our colourful infographics remain, showcasing the association’s top achievements across Membership; Policy & Compliance; Member Engagement; Communications; Young Forwarder Network; Training; and Apprentices. Key highlights of 2024 were: • Launch of BIFAlink TV on
• Increased attendance at Regional Member Meetings and moving to larger venues; • 69% of delegates studying BIFA’s BTEC qualifications achieved a distinction; • Collaborations with TRS and South Hampshire College group to drive logistics education and recruitment. The document includes the Income & Expenditure Account and those Members wishing to view the full financial statement for the year ending 31 December 2024 should visit https://bifa.org/documents/a nnual-report-2024-financial- statements/
YouTube, BIFA’s primary communications channel; • Eight webinars hosted on key policy and compliance topics, attracting over 2,700 Member attendees;
The Limits of Liability for Carriers
In association with
By sea – Hague Visby rules (2 SDR): £2.05 per kg £682.85 per package
By air – Warsaw Convention (17 SDR): £17.41 per kg
BIFA STC: (2 SDR): £2.05 per kg
By road – CMR (8.33 SDR): £8.53 per kg
Insurance for the Marine & Logistics industries
(The SDR rate on 17 April 2025,
By air – Montreal Convention (26 SDR): £26.63 per kg
according to the IMF website, was 1.02427)
+44 (0) 1628 532613
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May 2025 | 7
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