How to evidence Financial Standing

The law requires that all applicants or holders of a HGV Operator’s Licence have sufficient financial standing to ensure that they can properly finance their operation and maintain their vehicles in a fit and roadworthy condition. From 1 January 2014, the level of financial standing that operators are required to show has been revised upwards. In light of the changes to the financial standing levels, new applicants and existing licence holders should ensure they continue to meet these requirements.

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CMR claims: Don’t delay!

The CMR Convention provides that parties to a CMR contract, such as the carrier, may be sued in a number of different countries in the event that cargo is lost, damaged or stolen. Such countries includes where the carrier is ordinarily resident, or has his principal place of business, or the branch or agency through which the contract of carriage was made. It also includes the place where the goods were taken over by the carrier or the place designated for delivery is situated.

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