The insured of our clients, cargo interest, hired Hanjin in order to transport frozen pork from China to Algeciras.
During the transport, Hanjin went bankrupt and this produced worldwide supply chain and shipping disruption as cargo ships were left stuck at ports and canals w aiting for cash payments.
The challenges we faced
In our case, three reefer containers of insured of our principals were in a terminal in Algeciras when it happened. As a consequence of the bankrupt of Hanjin, containers were left in the terminal.
When consignee got recover the goods, consignee found them with important damages due to broke cold chain.