Warehouse Fire case
A fire accident in October 2007 outside a warehouse damaged 4 cases of medical equipments. The cargo owner claimed for cargo damage of EUR230,000 against the Hong Kong warehouse operator and brought the claim to the High Court of the HKSAR. With strong legal back up by the warehouse operator's transport liability insurer spending HKD1,300,000 in the Court to defend, the cargo owner finally accepted EUR65,000 (all inclusive) as out-of-court settlement of the claim.

Lesson: This is a classic case where warehouse operator could clearly see the difference between with and without insurance. Apart from financial exposure, the time involved in the claims is 55 months.