Containers lost at sea..!!!! Why it happens and what to do when it happens..

containers lost at sea

As part of global trade, in 2016, approximately 130 million containers packed with cargo with an estimated value of more than $4 trillion were shipped around the world..

As per the University College London’s Energy Institute and data visualisation firm Kiln more than 50,000 merchant ships travel high seas, moving goods and commodities all over the place..

With so many containers on the move in many different routes, there are bound to be some containers lost at sea..

We examine the causes, what may prevent it and what to do when your container actually is lost at sea..

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Do I need all original bills of lading for an insurance claim..??

Can I lodge an insurance claim with an original bill of lading or do I need all original bills of lading..??

The trigger for this topic is a question that a reader Sandreen asked as below..

One of our shipments caught fire on transit. To get the Insurance claim I have to submit the full set of original B/Ls, but I have lost 2 original B/Ls.

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