Cargo Claims
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.
Cargo thieves enjoy increasing container volumes after COVID 19 because the shipping volume of desirable goods increases, as does demand. What’s targeted: electronics, clothing, and apparel, foodstuff, and beverage are really popular because it is easy to resell. Perfumery and cosmetics are frequently pilfered as well due to IMO class #3 labels on the side container panel of the container.
If the importer understood the type of damage they have faced, they would present only relevant evidence to the shipping line, and there would be a greater chance to obtain compensation from the liable party
Container of bananas is worth of 12 000 to 15 000 USD, not to mention loss of profit ! Let’s take measures to ensure cargo is delivered in the best possible condition.