- Date: 20/09/2016
A ship agent failed to spot that a bill of lading had specific instructions to arrange the delivery of 10 containers of cargo to the port’s free zone, where the consignee would have enjoyed a free storage period of 21 days from the port authority.
Instead, the cargo was shifted to the customs yard, where the cargo immediately started to incur storage charges at a rate of US$ 5.33/ ton. By the time the consignee took delivery of the cargo, one week later, US$ 25,500 in storage costs had been incurred.
ITIC reimbursed the ship agent. This is another example of where small mistakes can lead to significant costs being incurred.
Everyone makes mistakes...
Are you covered for unforeseen events?