What cargo damage can you claim?

Understanding what cargo damage you can claim is crucial for protecting your investments and ensuring smooth operations. We’ll explore the various categories of Cargo Compensation, Freight Costs, Insurance Premiums, Loss Mitigation Costs and Loss of Profit.

When shipping goods, the risk of cargo damage is a significant concern for businesses and individuals alike.

The holiday rush is a busy time for shipping companies and airlines. Unfortunately, this increased volume often leads to a surge in cargo damage by up to 20%. As an exporter or importer, dealing with damaged goods can be a frustrating and costly experience.

What types of cargo damage can you claim?

When your cargo arrives damaged, the financial implications extend beyond the immediate loss of goods. You may be eligible to claim for a variety of costs, including:

• Cargo Compensation: This covers the value of the damaged goods, calculated based on the CIF (Cost, Insurance, and Freight) value.
• Freight Costs: You can claim the expenses incurred for shipping the damaged cargo.
• Insurance Premiums: While you may be able to claim for additional insurance costs, there are often limitations.
• Loss Mitigation Costs: This includes expenses incurred to minimize the damage, such as refumigation, repackaging, or reconditioning.
• Loss of Profit: In certain cases, you may be eligible to claim for lost profits due to the damage or delay.

Don’t Let Shipping Lines Dictate Your Losses

Every damaged shipment represents a potential financial loss. It’s essential to take action to recover these losses. At Recoupex, we’re committed to helping you reclaim what’s rightfully yours.

• Maximize Your Recovery: Our team of experts will work diligently to identify all potential claims and ensure you receive the maximum compensation.
• Minimize Your Stress: We’ll handle the complex claims process, allowing you to focus on your business.
• Leverage Our Expertise: With years of experience in the industry, we have a deep understanding of shipping regulations and claims procedures.

Don’t let cargo damages eat into your profits. Take control and reclaim what’s yours. Contact Recoupex today to learn more about how we can help you.