Protect your bottom line with our Shipping Claims Management services
Navigating the Challenges of Tightening Financial Margins in the Cargo Industry
If you handle cargo, you must be facing significant challenges that are affecting your company’s financial margins in the industry. These challenges include:
- Managing Costs: The cost of goods, transportation, and other expenses associated with international trade can be high due to factors such as fuel prices, tariffs and taxes, and labor costs.
- Increasing Efficiency in your operations: This includes streamlining processes, automating tasks, and implementing new technologies to reduce lead times and improve productivity.
- Managing Risk: identifying and mitigating potential risks associated with trade such as currency fluctuations, political instability, and supply chain disruptions.
To address these challenges, claims management is a key strategy, but it can be a complex process for non-experts.
Dealing with Cargo Claims in International Trade: What you need to know
In marine cargo claims, keep an eye on these 3 key global trends:
Preparing for the unexpected: Shipping Cargo Claims comes with a set of specific Risks and Responsabilities
Including but not limited to:
Incorrect or incomplete documentation can compromise the validity of your claim.
Underestimating the value of the cargo can result in inadequate insurance coverage and increased financial losses.
It's important to file your claim within the time frame specified by maritime law or insurance policies.
Inadequate insurance coverage
Being aware of the need for adequate insurance coverage to protect against potential losses and ensure that your cargo is insured for its full value.
Incorrect or inadequate packaging
Making sure your cargo is properly packaged and labeled to protect it during transportation and comply with international trade regulations.
Knowing the responsibility of the carrier if your cargo is lost or damaged, and comprehending the details of their liability coverage.
Stop Struggling to Maintain Profitability in a Tightening Cargo Market. We improve your Loss Ratio mitigation through recoveries
Our service fees are transparent. Eliminate the need for internal staff and resources. Plus, we pursue your recoveries on the basis of "“No cure, No pay”.
Qualified claims handlers for your peace of mind. Even the most complex cargo claims will lead to better outcomes for your business thanks to our experience in the transportation industry.
Improved accuracy and speed with dedicated experts handling the claims process.
Improved Risk Management
Manage the risks associated with cargo claims, and ensure timely and adequate compensation in the event of loss or damage to their cargo.
Access professional marine cargo surveyors or marine claims adjusters anywhere.
Real Stories of Success: How Outsourcing Cargo Claims Management Improved Other Clients’ Loss Ratio
Insurance Claims Outsourcing Is the Key to Maintain Profitability
We reveal our motivations.
What do we presently propose to your shipper or trader organization in terms of outsourcing your cargo claims administration?
One of the common shortcomings in claims handling is the lack of adequate legal knowledge regarding maritime law and other regulations governing the transportation of goods. Our team provides ongoing legal consultancy throughout the entire claim process.
We can help you with:
- Contract disputes
- Policy Reviews
- Negociation and Mediation
Transport and Liability Claims
As an importer, exporter, shipper, or consignee, dealing with transport and liability claims can be a time-consuming and costly process that can strain your relationships with insurance providers, carriers, and logistics providers. That’s why our team of expert marine claims handlers is here to help. We work to minimize the impact of claims on your business by making sure that:
- Your claims are managed properly and on time, so you don’t have to worry about the details.
- You get the right compensation for any losses or damages incurred during transport.
- You prevent claims by identifying and managing risks.
- You get a single point of contact for all your transport claims needs.
We offer a range of services, from claims investigation to settlement negotiation, to provide comprehensive support throughout the entire claims process on a no-cure no-pay basis. With our team on your side, you can focus on your business while we coordinate and efficient claims process.
Loss Mitigation & Salvage
When faced with a claim, there’s a key legal concept that shouldn’t be overlooked: your duty to mitigate losses. This means that if you suffer a legal wrong, you should take reasonable steps to avoid any further avoidable loss. The point is you can’t just sit on your hands when a breach of contract occurs, and then expect to file a claim and recover all accrued damages from the defendant.
- As a claimant, you won’t recover any losses that could have been avoided or minimised through reasonable efforts after the incident.
- The defendant shouldn’t have to pay for any loss that could have been avoided if you had exercised reasonable mitigatory efforts.
So, how far should you take your mitigatory efforts? Our loss mitigation service helps you find a happy medium.
Q & A Find Out How We Help You Deal with Cargo Claims
We only charge you a service fee, which is a small percentage of the amount we get you back.
Delay in delivery, cargo damage or loss, container damage, shortage or discrepancy in quantity, and so on.
Just tell us about your case and we’ll appoint the right team member to advise you.
This can often be a complex issue, but our team of experts have the knowledge and experience to handle such claims effectively. Whether it’s resolving issues with incorrect bill of lading information, missing cargo declarations, or any other documentation issues, we can provide the support you need to ensure that your claims are processed smoothly and efficiently.
You can reach out to us either through our website, by phone (+34 955 283 913) or by email (email@example.com) to initiate the claims process.
- Transport Documents (Bill of lading, CMR, Air Waybill…)
- Invoices, packing lists
- Insurance Policy
- Photos or videos of damaged goods