Recoveries : Loss Types

Sea – Land – Air
Our recovery actions are not limited to sea transport alone, we are equally familiar with contractual and operational conditions in the Air, Road, Rail and Inland Water transport environment as well as warehousing and other transport peripheral industries. To see an illustration of the parties we may encounter in pursuing recoveries, please click here.

Physical & Financial
Recoverable losses may extend beyond the actual loss or damage incurred. Depending on the contractual and legislative framework concerned, we may be able to recover further amounts for:

• Loss of Market - delivery was delayed beyond a reasonable period.
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  Economic loss – loss of profit or compensation for wasted effort when contractual obligations of your own insured could not be fulfilled.
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  Fines & Penalties – if these were incurred by your insured or the claimant, they may be recoverable or we may be able to convince the relevant authority that they should not be applied as the insured or claimant was an innocent third party with no control over the chain of events.