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