distressed cargo
What is Distressed Cargo?
Distressed cargo occurs when goods are abandoned by the buyer, often due to financial issues, contract disputes, or other unforeseen circumstances. This situation leaves the freight in a state of limbo, requiring urgent attention to prevent further loss. Distressed cargo often requires special attention to assess the extent of the damage and determine how to handle it—whether it needs to be repaired, replaced, or discarded. In many cases, insurance might cover some of the losses, depending on the terms of the policy.
How We Can Help
At Lo Freightz, we handle distressed cargo with expertise, managing the logistics of abandoned goods to assess their condition, secure their value, and explore options for recovery or resale. Our goal is to help businesses efficiently resolve these complex situations and minimize financial impact while ensuring proper handling of the goods.