UPS and Insurance Costs

“We have recently suffered a significant loss at the hands of UPS who lost the box containing the SP narrow gauge steam engine pilot models. As we researched ways to further protect against loss from shipments both from Korea and to our dealers, we have decided to purchase a Cargo Policy from UPS Capital, a subsidiary of UPS. Changing carriers was ruled out as the other options were deemed even worse than UPS. Please be prepared for a significant increase in shipping costs billed through to you as we spread this annual insurance premium cost ratably across shipments during the year. As always, thank you for your support of our projects. Chuck and Ed. “