Cargo Recovery
RECOVERY STARTS SO EARLY
Subrogation
The subrogation as a principle of insurance is a corollary of indemnity, and hence the Recovery is a corollary of adjusting. Information is much more easily gathered at the time of inspection and investigation immediately following the loss than later, when the trail has ‘gone cold’.
Lloyd’s Standard Form of Survey Report that we follow prompts our surveyor for information likely to be useful in any subsequent recovery action as well as recording what actions the claimant has taken to hold the carrier or other third party liable.
Our surveyors and adjusters understand the importance of ensuring that the prospects of making an eventual recovery from a responsible third party are maximized by ensuring that all the rights of the insurers are reserved by virtue of Section 78 of MIA and the related clause of “Duty of the Assured” whether in cargo or hull policies.
Cargo Recovery
We have the right team that will take the lead from the time of loss notification till recovering the losses from any wrongdoer third party.
Our Recovery team deals exclusively with transit claims against opponents and their liability insurers throughout the world, including but not limited to:
Haulers;
NVOCC, Railroad and Terminal operators;
Freight forwarders and transit brokers;
Logistic companies;
Warehouse operators;
Shipowners / charterers & their P&I Clubs;