Our team of legal experts give you inside info on the legal world of cargo claims – from how to avoid losses and prevent cargo claims to taking pictures that can win a court case.
What is Loss Mitigation?
The legal definition is as follows: the principle that a party who has suffered loss (from a tort or breach of contract) has to take reasonable action to minimize the amount of the loss suffered. In layman’s terms of a cargo claim, this means that the cargo receiver has a duty and responsibility to the carrier to ensure the claim value is kept to a minimum.
We are taking a look at water damage, the main culprit of cargo damage and a potential cargo claim. We will look at the causes of water damage, how to prevent damage, and or loss and should you need to claim, what documents you need to make your cargo claim successful!
Now more than ever it is important to save your money and take all measures possible to safeguard your business. As a small or midsize business, you’re no doubt familiar with the stress of operating on tight margins, and you know how valuable even a small amount of cost-savings can be to your bottom line.
The cargo claims market will see no disruption as shippers and freight forwarders are finding alternative ways to move their cargo and realise the importance of recovering monies from liable carriers in these unstable times. Exporters are now finding new business relations and expanding to different countries to keep their product moving meaning Cargo Claims now, and in the long-term will not be affected as cargo is simply redirected to other countries.
There can be many reasons for a Cargo Claim, but it is up to you, the claimant/shipper to make sure you identify the reason and submit evidence accordingly along with photographs or even video evidence.