On November 14, 2024, the forum "Da Nang Free Trade Zone – A New Driving Force for the Development of the City’s Logistics Industry" successfully took place, attracting dozens of domestic and international enterprises.
This event is part of the implementation of the project "Developing Da Nang City's Logistics Services to Effectively Connect with the Central Key Economic Region and the East-West Economic Corridor, 2021–2030, with a Vision to 2050." The forum provided an opportunity for the city to exchange and discuss specific solutions and tasks to promote the development of the logistics sector and set the direction for establishing the Da Nang Free Trade Zone.
Taking advantage of this excellent opportunity, Glotrans participated to showcase its outstanding services and superior logistics solutions. With a team of experienced and dedicated professionals, equipped with extensive industry expertise, Glotrans is always ready to deliver international-standard services at optimal and cost-effective rates, meeting the diverse needs of customers. Glotrans is committed to networking, learning, and opening new prospects for collaboration with business partners and potential clients.
Glotrans extends its heartfelt gratitude to the organizers and all participating entities. We look forward to continuing our partnership with stakeholders to contribute to the advancement of Vietnam's logistics industry in general and Da Nang in particular, as well as to further integrate into the global logistics supply chain.
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Company T (Plaintiff – the Insured) entered into an insurance contract with Company B (Defendant – the Insurer). After the insured event occurred, the Insurer alleged that the Insured had violated its obligation to prevent and mitigate losses. The Arbitral Tribunal acknowledged that such an obligation exists but concluded that the Insured did not breach it.
Under the insurance contract, the premium was to be paid in three installments, and in all three, the insured party was late in payment. When a dispute arose, the insurer (Defendant) argued that the insurance contract had terminated before the insured event occurred due to the late premium payment and therefore refused to make an insurance payout. However, the Arbitral Tribunal held a contrary view.
