Currently, many B2B deals are carried out, but the cargo does not always reach the recipient. The fact is that in some cases, unclaimed cargo remains in the port. According to the international convention, the supplier is responsible for the abandoned cargo; they must pay for the downtime of the cargo. It is logical that in such a situation, the supplier needs to find a new buyer as soon as possible. To accomplish this task, they can register on the Globy B2B Platform and post product information there, offering a discount.
If the product has a limited shelf life, then the discount is higher; sometimes this value reaches 80% or more. Of course, the vendor must ensure that the product is not damaged or deformed. The new buyer has the right to inspect the goods at the port and refuse if the cargo was transported with violations or does not meet the stated characteristics. Next, we list the steps that the cargo owner needs to take in order to publish information about the abandoned cargo on Globy:
- Create an account on Globy and fill in all the required fields of the form: specify your company’s details, contact information (phone number, email, legal address), and give a brief description of your activities. Do not forget to indicate that you are a seller. Specify the type of business: trader, manufacturer, wholesaler, etc.
- Upload photos of the cargo to the website. Try to make sure that the images are of high quality. Attach copies of the documents. Give a description of the product. Remember that you should not embellish or distort product information so as not to mislead customers.
- Set the discount amount. The faster you need to sell the product, the higher the discount will be. The minimum value is usually 5%.
- Next, you need to receive calls from potential buyers, respond to messages, give explanations, and bargain. Your listings should be live. If you don’t contact your customers, they will choose another supplier.
Why Cargo Becomes Unclaimed
There are many reasons why cargo may remain unclaimed at the port. It must be admitted that overstayed cargo is not uncommon nowadays. Firstly, abandonment may occur due to a sharp increase in customs duties or due to a lack of funds from the receiving party. Sometimes, the buyer becomes bankrupt while the cargo is in transit. Recipients may be unavailable for other reasons: illness, change of company management, force majeure, natural disasters, and others. Often, there are errors in the documents, then a reissue is necessary, which takes time. Logistical errors are possible: the cargo may arrive at another port. The ship may be arrested or delayed along the way for various reasons; as a result, the cargo will arrive very late and will become irrelevant to the buyer.
Legality of the Sale of Unclaimed Cargo
In order for the sale of unclaimed cargo to be legal, the supplier must be indicated by the shipper on the bill of lading. If you are not sure about the legality of the procedure, then contact lawyers for advice. You can ask some general questions on the Globy website. You can try to find the answers in the FAQ section or write to the online chat. It is necessary to remember that a discount on abandoned cargo is mandatory: set at least the minimum discount value to publish a listing on Globy. In order for a new buyer to make sure that the cargo is legal, they must have access to the bill of lading, packing list, and invoice.
Appearance and Payment of Abandoned Cargo
The appearance of the cargo can be confirmed by photographs, which are strongly recommended to be attached to the listing. It should be remembered that the Globy platform does not process money transfers; that is, the cargo owner and the new buyer must agree to transfer money outside the platform. Suppliers need to know that unclaimed shipments can be placed on Globy for free. The platform is free for all registered users. If you do not want to fill out the form, you can log in via an accelerated mode using a LinkedIn or Google account.
