StopLoss: abandonment of cargo

Abandoned cargo is a continuous challenge for supply chain stakeholders, resulting not only in considerable costs on container demurrage, detention, storage and disposal costs, but also increased safety and regulatory risks. Aside from these identified risks, incidents of abandoned cargo demand a significant management resource to resolve and have the potential to impact commercial relationships.

This StopLoss is intended to provide practical guidance to those stakeholders for whom the consequences of abandoned cargo are greatest.

Who is this for?

  • Freight forwarders
  • Logistics operators
  • Non-vessel operating carriers (NVOC’s)
  • Terminal operators
  • Cargo interests
Trulli

Downloads

  • StopLoss 23 - Abandonment of cargo (1 MB)

    26/07/2021

    Download PDF

TT Club Loss Prevention

TT Club

Date10/08/2021

Tags

You may also be interested in:

Podcast

Find out more about the contractual challenges of dealing with abandoned cargo in the transport and logistics industry

Press releases

TT Club outline the dangers of abandoned cargo for stakeholders in the global supply chain: forwarders, NVOCs, logistics operators and port and terminal operators.

Newsletters

An important case clarifying that acts or defaults in exercising due diligence may give rise to ‘unseaworthiness’ and the consequences of falling on the wrong side of the boundary, including in relation to general average.

News

This briefing considers the potential impact on ocean freight and supply chain management activities of freight forwarders and logistics operators should steps to curtail the spread of coronavirus continue to disrupt the movement of goods. While key concerns will distil to delays and potentially cargo deterioration, the following provides some guidance on the potential risks to freight operators and how to mitigate them.