Cargo Recovery
In the world of insurance, subrogation is a fundamental principle that enables insurers to recover losses from third parties responsible for the damage.
At IMLARCO, we recognize that cargo recovery begins the moment a loss is reported. The earlier the recovery process is initiated, the higher the chances of success. Information gathered during the initial inspection and investigation—immediately following the loss—can significantly influence the outcome by preserving critical evidence before the "trail goes cold."
Our approach aligns with the Lloyd’s Standard Form of Survey Report, guiding our surveyors to collect essential data that supports any subsequent recovery action. This includes documenting the claimant’s efforts to hold the carrier or third party liable.
Our surveyors and adjusters are thoroughly trained to safeguard all insurers' rights under Section 78 of the Marine Insurance Act (MIA) and the Duty of the Assured clause in both cargo and hull policies.
Comprehensive Cargo Recovery Expertise
Our dedicated Cargo Recovery team takes charge from the moment a loss is reported, managing the recovery process through to the successful resolution of the claim. We specialize in handling transit-related claims against third-party carriers and their liability insurers on a global scale.
Our team is experienced in recovering losses from various responsible parties, including:
- Haulers.
- Non-Vessel Operating Common Carriers (NVOCC), Railroad and Terminal Operators
- Freight Forwarders and Transit Brokers
- Logistics Companies
- Warehouse Operators
- Shipowners, Charterers, and their P&I Clubs
No matter the type of carrier or third party involved, our team works relentlessly to ensure you get the compensation you deserve. We leverage our global network, expertise in marine and transport law, and extensive experience with cargo policies to maximize recovery outcomes.
How We Work
If you have a new recovery instruction, we offer a no cure, no pay assessment to evaluate the potential of your claim. Our expert team will review the case and provide an honest, transparent analysis of the likelihood of successful recovery. If you decide to move forward, we’ll handle the entire recovery process, ensuring you’re kept informed every step of the way. Contact us today at info@imlarco.com to initiate a review or discuss your recovery needs. We're here to help recover what’s rightfully yours.
Why Choose IMLARCO for Cargo Recovery?
- Global Reach: Our network spans across key regions worldwide, enabling us to recover losses from third parties no matter where the incident occurred.
- Expert Legal & Claims Knowledge: With extensive experience in insurance, cargo law, and transit claims, we ensure that all rights are preserved and recovery actions are maximized
- Fast Action: Early investigation and documentation of the loss help secure vital evidence, improving the chances of a successful recovery.
- No Cure, No Pay: We operate on a results-based model, ensuring that we only succeed when you do.