Protecting the Loss Ratio
Claiming Against Third Parties
Most marine cargo loss or damage arises while the goods are in the care custody or control of a third party.
Although they may be able to limit their liability for loss or damage (under their trading conditions), those third parties should always be held accountable. (1)
Once claims under cargo policies are paid, we will take up recovery rights under subrogation. (2)
Certain regimes require carriers to be given the opportunity to inspect loss or damage for themselves. (3)
Most carriers’ or forwarders’ trading conditions require claims to be made within a specified (usually short) time period, particularly where loss or damage was not noted on arrival.