- They could rent a commercial building space and offer these products at a discount price to the public or private sale.
- Another way to do that is by liquidating the unclaimed freight through a listing service and resellers.
- They could discard/ dispose in a landfill or dumpsite
Source: www.thehindu.com
One thing for sure, the shipping companies have to get rid of the unclaimed freight one way or the other and sooner the better! Loosing time is losing money so any container that is not moving is losing money!
Shippers are in desperate rush of finding the way to dispose of the unclaimed freight and empting the storage facility. Every extra day that the container stays in the storage/ warehouse, will cost them storage fees so they tend to get rid of the contents quickly.
There are numerous options that shipping companies have, if failure to take delivery by the consignee does occur. These are of course subject to the contractual terms and conditions of the original contract and bill of lading that was issued. Of course they also must adhere to federal, state, and local law.
Here under I will mention just a few agencies involved in the whole process that are well known to the trucking companies and they live day to day according to their ever changing rules:
