unclaimed-freight-huge-savings-opportunity-1

Unclaimed Freight: Huge Savings Opportunity

Unclaimed Freight Huge Savings Opportunity 1
Source: www.distrends.com

And in many cases international laws might be applicable as well. So the shipping company needs to avoid legal issues and be up on the legal matters before declaring something unclaimed.

Once it has been declared unclaimed, and all legal requirements have been met, the shipper may act. One common step is to put a lien or hold on the cargo.

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Through this they can hope to regain some of their cost for handling, demurrage, storage, and other related costs. Of course in most cases this will be covered in the terms on the bill of lading.

Usually there is a statement that covers this. It is common to say something along the lines of, “If the owner (consignee) fails to take proper legal possession of the freight/cargo in a timely manner the shipping company then has a legal right to dispose of it, at the expense of the customer, and at the sole discretion of the shipping company”. That is not the exact verbiage, naturally, but you get the general idea.

Unclaimed Freight Huge Savings Opportunity 1
Source: www.distrends.com

According to the process of law a shipping company is allowed to:

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