Soya Bean Meal
CRC negotiates as an independent principal with the various interested parties in order to provide a commercially acceptable solution resulting in overall loss mitigation. In this process CRC may commit its own capital to purchase the cargo and to settle the outstanding claims of the various interested parties.
We operate from Switzerland, Singapore and the UK.
“Our extensive network of agents and buyers allows us to propose and execute commercial solutions on a global basis.”
- Cargo insurers
- P & I Clubs
- Ship owners
- Hull & machinery underwriters
- Port Authorities
- Cargo owners
- Cargo shippers
Contact us directly or via a professional advisor regarding problems relating to distressed cargo.
Ship seriously damaged due to engine failure.
Cargo refused by consignee due to damage under P & I Club liabilities.
Insolvency of ship charterers and/or ship owners.
Deterioration due to prolonged storage on board due to voyage delay or voyage not being completed.
Cargo on board suffers damage in transit.
Disputes between charterers and ship owners.
Rejection by local health and/or government authorities in consignee’s country due to faults in condition/quality of cargo or discrepancies in documentation.
Salvage services have been rendered exposing ship and cargo owners to claims.
Cargo refused by consignee due to insured peril.
Cargo impounded and held to court order.
CRC bears the cost on its own account for assessing a given situation, wherever in the world the problem may have arisen, in order to confidentially negotiate and propose an economic and workable solution to the interested parties with loss mitigation at the forefront.
“CRC has extensive knowledge of the global market for distressed and damaged goods.”
Our experience suggests that agreed solutions may include CRC assuming financial responsibility for, inter alia:
Purchase of the cargo on an “As Is Where Is” basis
Purchase of vessel
Transhipment of cargo
Towage of the vessel to destination or TO an intermediate port
Contribution in general average
Outstanding crew wages
Other encumbrances such as port charges and arrests
CRC provides logistics expertise on “No Cure No Pay” terms whereby CRC assumes the risks of safely forwarding stranded goods to the intended destination port.
Purchase of damaged/rejected goods
CRC undertakes confidential investigations to determine the residual values of damaged and/or rejected goods worldwide to provide concerned insurers / cargo owners with offers to purchase such goods basis “AS IS WHERE IS” thus acting as sui generis reinsurer to the original insurers.
CRC offers fee-based consultancy regarding the valuation of distressed and damaged cargo, and associated marine logistics.
GRABS STATIONED IN SINGAPORE
- 6.5m³ x 1
- 7m³ x 1
- 8m³ x 1
GRABS STATIONED IN CAPE TOWN
- 12m³ x 2