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.
The original five partners of the Cargo Integrity Group are excited to welcome the Bureau International des Containers (BIC) and the International Federation of Freight Forwarders Associations (FIATA), strengthening the group in its efforts to improve safety in the global supply chain.
In welcoming the IMO’s revised guidelines for inspections, the international freight transport insurer TT Club exhorts governments to report findings to IMO on 2021 inspections, as well as to increase the volume of inspections carried out