With the continuous rising of freight costs and a growing number of cargo damage cases, exporters and importers are struggling to make a profit even in 2024. This makes it more important than ever to take action on cargo damage and recover what you’re owed through cargo claims.
A cargo claim is a way for you, the shipper or consignee (receiver), to get reimbursed by the shipping line for damage that happened to your cargo while it was under their custody. However, it’s important to understand what you can claim for:
Unfortunately, you can’t claim for lost profits on the shipment. The claim process focuses on getting back the actual value of the damaged or lost goods and any costs directly tied to that damage.
Your cargo is considered damaged if it arrives at the consignee in worse condition than it was when it left the shipper.
There are strict deadlines for filing cargo claims. Here’s what you need to know:
In simpler terms: If you receive your container on Thursday, the last day to notify the shipping line about damage is Sunday, regardless of any holidays that fall within those three days. Missing this deadline can make it much harder to win your cargo claim.
You can always turn cargo damage from a profit-draining headache into a recovery opportunity. Don’t let damaged cargo sink your bottom line in 2024 and the years to come.
Take action, be informed, and fight for your rightful compensation. Remember, a successful cargo claim can mean the difference between staying afloat and thriving in this challenging market.
Recoupex is a hub of transport lawyers – experts in cargo claims. We assess your case quickly. We have successfully recovered claims from Maersk, Sealand, Hapag-Lloyd, Mediterranean Shipping Company – MSC, CMA CGM, and other carriers.