Abandoned cargo: alert to risk escalation
21/09/2021
TT Club outline the dangers of abandoned cargo for stakeholders in the global supply chain: forwarders, NVOCs, logistics operators and port and terminal operators.
StopLoss: abandonment of cargo
29/07/2021
Guidance for port and terminal operators, freight forwarders and logistics operators dealing with issues of abandoned cargo and the associated risks around dangerous goods
Learn more about the risks of abandoned cargo as we reflect on the Beirut explosion of August 2021.
Uncollected cargo has long been a challenge for stakeholders in the supply chain. Notwithstanding the attention, debate and advice around the topic, it remains at the forefront of logistics operators' minds. Every year the delay or failure of the consignee to collect cargo results in substantial storage, demurrage and detention costs. Such issues are invariably complex and require expensive management time to resolve.