Mitigate the loss.
Loss mitigation improves when commercial recovery options are examined alongside the technical survey rather than after it.
What matters in these cases
- 01
Loss mitigation
- 02
Salvage recovery
- 03
Commercial recovery options
- 04
Vessel exposure
- 05
Claims economics
Comparable options, properly normalised
Differences in removal responsibility, quantity basis and payment timing can move an apparently superior offer below a lower one. Options should be compared on the same basis before any recommendation is made.
Recovery routes assessed early
Identifying which markets could lawfully take the cargo usually takes longer than obtaining the laboratory result. Running both in parallel shortens the exposure period materially.
An evidenced file
A record of which buyers were approached, what information they received and why a route was chosen supports the mitigation position with underwriters and co-assureds.
Human commercial recovery support is available for appropriate marine insurance and P&I cases through Pommer & Partners.
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The two operational shapes distressed cargo takes, and the intelligence behind each.
Cargo problem? Find the commercial exit.
Submit the case. The platform structures the problem and identifies potential commercial recovery routes.
Confidential cargo submission · Worldwide · 24/7. Submitted case information is handled on a need-to-know basis and is not published as part of the public website.