Cargo Claims
Cargo shippers out here trying to cut losses, hack it, create a tactic, so many missing the point on how to keep loss ratio stable for marine insurance.
How to release trapped cash which is below your insurance deductibles e.g. amounts you absorb after insurance pay for cargo damage.
There are containers in the fleet of shipping lines that are 20-year-old. For some destinations majority of the containers are this age. It is in the shipper’s interest to protect himself by checking containers before loading cargo and taking clear evidence of preexisting container damage at the discharge, to make sure you get fairly paid for the damaged cargo.
Whether a carrier can limit liability will depend on the value, weight, and particulars of the cargo as described in the bill of lading.
If the shipper understands how this works, he won’t have to skip a beat on “package limitation” when claiming for fair compensation from the liable party for lost or damaged goods during transit.