Assisting A Leading NVOCC To Overcome Abandoned Cargo Challenges

Introduction

Our client, headquartered in the bustling port city of Dubai, is a leading NVOCC provider offering comprehensive shipping solutions. With a growing presence in key markets across China, the Red Sea, the Middle East, the Indian Subcontinent, Europe, and South-East Asia, they have continually expanded their footprint.

Challenge

The client faced a substantial challenge when four sugar containers shipped from India to the UAE were abandoned by the consignee. These unclaimed containers resulted in accumulating port storage charges, which increased daily and put considerable financial pressure on the client. The terminal demanded settlement, further exacerbating the situation. To address this pressing issue, the client sought the expertise of the House of Shipping legal team.

Solution

  • Our legal and administrative teams collaborated closely with the local vendor and port terminal to effectively manage this predicament.
  • Through our determined efforts , the Client could salvage the cargo and successfully negotiate a discount for the accumulated port storage charges.
  • To arrange for the salvage of the abandoned cargo, we identified a suitable buyer and facilitated the entire process, including crafting the necessary agreements.
  • This strategy not only minimized potential losses but also enabled the repatriation of the empty containers, ensuring their reintroduction into the Client’s operations.

Results

  • By negotiating the port storage charges, a significant financial burden was alleviated from the Client.
  • Proactive measures ensured that a strategic port and local buyer were identified to facilitate the cargo’s salvage.
  • Additionally, the recovery of the empty units reinforced their value and limited the potential repercussions of the abandoned cargo on the Client’s operational continuity.
Stacked Cargo Containers - Efficient Logistics by House of Shipping

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