Tuesday, December 13, 2011

You have now gone to work for East Cargo Interests as its corporate counsel. East Cargo Interests (ECI) has?

You have now gone to work for East Cargo Interests as its corporate counsel. East Cargo Interests (ECI) has a number of storage sheds that it has available for the storage of cargo in transit. ECI does not own cargo nor does it ship cargo – it just has space for the safe storage of cargo owned by others. ECI monitors the commodity market and makes decisions to rent additional space depending in various ports to make sure they have enough storage space for their various clients. ECI is thinking about getting insurance for its business. Please provide the President recommendations on what type of insurance it should place with an underwriter, if any.

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