Container - Mis-declared DG Impact
Risk / insurance cost of a mis-declared dangerous-goods container - estimated from typical box value × chain of loss.
Est. chain-loss exposure
10,000,000USD
Formula, assumptions, and limits
Maersk Honam 2018: total loss estimated 1 B USD. Shipper mis-declared hazardous chemicals as 'cleaning fluid'. Industry pushing for AI-based X-ray of DG containers.
Symbol legend
| Symbol | Meaning | Unit | Source |
|---|---|---|---|
| Container cargo value | USD | commercial invoice | |
| Chain-loss multiplier | - | insurance claim data |