Risk Byte

Navigating Good Neighbors Agreements To Unveil Risks And To Ensure Clarity

This Risk Byte offers insights into the risks linked to ‘good neighbor’ agreements and underscores the importance of having sufficient insurance for both you and your shared-resource neighbors.

Good Neighbor Agreements
  • A good neighbor agreement describes the situation where operators with a close working relationship arrange to borrow or lend equipment, vehicles and staff for a certain period.
  • These agreements are beneficial for the borrower and the lender. 
  • They are usually reciprocal...

https://mfame.guru/navigating-good-neighbors-agreements-to-unveil-risks-and-to-ensure-clarity/

TT Club’s ‘Risk Byte’ Unpacks Good Neighbour Agreements

Credits: Nathan Cima/Unsplash

In an ever-evolving world of international freight and cargo handling, efficient resource sharing has become a linchpin for cost savings and operational flexibility. However, as the advantages of Good Neighbour Agreements become apparent, so do the liabilities. TT Club’s ‘Risk Byte’ series begins with a spotlight on the benefits and potential pitfalls of these agreements, shedding light on how to navigate the fine line between innovation and risk mitigation, as...

https://mfame.guru/tt-clubs-risk-byte-unpacks-good-neighbour-agreements/