What does Recoupex do? Experts in Cargo Claims Recovery

In international shipping, cargo is the lifeblood of global trade. The carriage of goods by sea, in particular, remains a cost-effective and efficient solution for transporting large volumes over long distances. Yet, it’s not without its challenges, and one of the most significant challenges exporters and importers face is the loss or damage of cargo during transit. This is where companies like Recoupex step in, but no, they don’t sell cargo insurance. 

So, what exactly does Recoupex do?

We specialize in something quite distinct from cargo insurance. Recoupex lawyers are experts in global cargo claims recovery, diligently working to recover losses on behalf of cargo owners and claimants worldwide. But why is this service so crucial in international shipping?

The Frequency of Cargo Claims

The average frequency of cargo claims is around 2-3% of all shipments. This means that for every 100 shipments, there are an average of 2-3 cargo claims. With some of the most common types of cargo claims being reefer, water, physical damage to cargo, loss of cargo, delay in delivery and non-delivery.

And there are a number of factors that are contributing to this increase in claims such as more and more exporter refrain from insuring cargo, during the previous years increased number of cargo damages resulting from shortages and transit delays, supply-chain disruptions, cyber threats, etc.

The Cargo Claims Handling Process

The cargo claims handling process doesn’t start only when a claim is filed; it often begins even before an incident occurs. For example, it may commence when arranging a pre-shipment survey of banana cargo from harvesting to precooling and packaging. And when the unfortunate does happen, exporters or traders can reach out to Recoupex, we file a claim to the liable carrier and recoup the losses.

In Search for Excellence

Expertise in cargo claims recovery necessitates a comprehensive skill set. Those proficient in this field must possess knowledge of various domains, including international transport law, logistics (both for goods and documents), cargo types, methods of carriage, contracts, negotiation to name a few. Strategic moves and industry knowledge are the keys to successful recovery.

Recoupex stands as a valuable partner in recovering losses on behalf of cargo owners and claimants across the globe. With the challenges that international shipping presents, their expertise in cargo claims recovery is a lifeline for businesses. Recoupex does not sell cargo insurance, but we certainly play a crucial role in helping businesses safeguard their cargo and financial interests.

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.

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