COMMERCIAL ASSISTANCE

Casualty situations may give rise to a variety of different claims. They may also result in practical problems which prevent or delay the cargo being delivered safely to destination. These practical problems may arise in both marine and financial casualty situations. The problems may not always give rise to a liability under the insurance policy. However, practical steps need to be taken to resolve the difficulties faced by cargo interests.

Example: Cargo is onboard a vessel that has been arrested by creditors during the voyage. The Shipowner is facing financial difficulties and is unable to settle his debts or obtain the release of the vessel. The vessel is put up for judicial sale. The Shipowner is unable to complete the voyage. If no steps are taken the cargo may be of no practical use to its Owner. What can be done?

Various options may be available to Cargo Interests. Each option requires investigation and analysis to determine the most practical and cost effective solution.

Delivery of cargo to destination or local sale are options that should be investigated fully. Commercial considerations also need to be taken into account.

We provide commercial assistance to Cargo Interests to find the best solution.

HOW CAN WE HELP?

• Identify Available Options
  

  Investigate options

  Assess merits

  Determine solution

  
  
• Recommend Course of Action
  

  Outline options

  Cost comparisons

  Recommend solution

  
  
• Action solution
  

  Negotiate contracts

  Supervise operation

  Deliver solution

  
  
• Salvage Sale
  

  Arrange tenders

  Assess bids

  Complete sale

  
  
• Transhipment of Cargo
  

  Source vessel

  Negotiate contract

  Manage risks

  
  
• Delivery Contracts
  

  Identify method	Negotiate contract	Supervise operation
  "No cure no pay"	Towage	Ship purchase