Tuesday, June 17, 2014

Why Cases Of Unclaimed Freight Have Been On The Rise

By Ina Hunt


There has been an increased number of people who opt to order goods from other countries. During the shipping process, there has been a rise in cases on unclaimed freight in various ports. These items are salvaged and in most cases stored in huge bulk stores as they await the respective owners to claim them. In cases where the items are not claimed for a long time, the respective shipping companies have every right to find a way to dispose of these items. Some may opt to auction these items directly or hire auctioning a liquidator companies to take up the job of selling the items.

During the shipping process, the addresses on the goods can easily get erased. Also, goods can easily get spoilt during the process. This has thus called for strict measures to be put up in order to ensure that these goods are taken care of and that they do not go to waste.

Some of the reasons why cargo lack owners in most cases include death, increased taxes among other reasons. When this cargo [s uncollected, the goods are auctioned. Given the fact that no one would spend so much money to ship worthless goods, most of these auctions are very intense with large numbers of people bidding on the quality goods. The proceeds from the auction are paid to the storage company, the shipping container company and the remaining amount is paid to the initial owner of the goods.

In some cases, the individual may fail to pay the necessary fees required to import the items. Failure to pay may result to their goods being held up at customs. If the owner fails to pay within the stipulated time given, the goods are handed over to the auction company for disposal.

In some cases, the owner of the good may have passed away before the goods were collected from the warehouse. If family members do not collect the goods, these items are left unclaimed. They are thus left in the hands of the shipping companies to do as they wish.

In some cases, the owner of the goods may have suffered an accident or ailment that rendered them incapacitated. This puts them in a condition that claiming the goods becomes difficult especially where they do not have an agent or the necessary documentation to prove that the goods belong to them. This cases automatically make the goods unclaimed and left in the custody of the shipping companies.

In some cases some goods may not be cleared for collection by the port officials due to legal issues. For instance, the freight may have been used in illegal deals. In these cases, the freight is not cleared from the ports. The investigations and court cases may take a very long time.Ones completed, most of these goods are left unclaimed since once the cases are completed the need for these goods may no longer be there.

Unclaimed cargo collection is a big business. There has been formation of the many auctioning companies who offer their services to the many shipping companies. These companies have in the recent past been making a good sum of money from the careless owners who leave their high quality products unclaimed. It is important for all individuals who import any products to know the result of failing to claim their goods.




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