Searching for a new buyer of abandoned cargo on Globy

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Unclaimed cargo is freight that was delivered to the port but was not picked up by the original buyer. If the conditions of transportation and storage are met, such loads are in good condition and ready for resale. The Globy platform connects vendors who own cargo with new potential buyers. To complete the transaction, you need to create a free account on the official website, then go to the Unclaimed Cargo promo page on Globy.

Vendors, in turn, post information about the cargo, supporting the data with photos. A description of the product is also required. Documentation must also be present. Before signing the contract, the buyer must make sure that the shipment is safe, environmentally friendly, not expired, not deformed, and so on. Quite often, buyers ask the supplier questions about abandoned cargo. They are obliged to answer them if they want the deal to take place. One of the main ways to attract fresh customers is to assign discounts. If the product is not perishable, then the discount can be minimal (5-10%). For perishable goods, the discount can reach 80% or more, as the owner urgently needs to sell the goods. So, let’s list the main steps for a vendor.

1. Registration on the Globy website.

2. Specification of company details.

3. Uploading of product description with photos.

4. Choosing the discount size.

5. Communication with potential buyers.

Let’s try to clarify the legal side of this problem. There are several reasons why the buyer may not redeem the cargo. The first reason is the delay in transportation across the ocean; the vessel may be delayed in one of the channels or in the port of another state (there are many reasons for the delay). In this case, the goods may lose their relevance to the buyer. The second reason is a sharp increase in tax duties. The third reason is the seizure of accounts or the bankruptcy of the buyer’s company (this also often happens). The fourth reason is rejection for a disrespectful reason; unfortunately, not all buyers are conscientious. The fifth reason is errors in the documents; Due to this, the original recipient cannot accept the cargo at the port. It is important to remember that if the overstayed cargo was not redeemed and remained in port, then the former owner (supplier) is responsible for it. In this case, the supplier is obliged to pay for the keeping of cargo in the port. Therefore, it is in the supplier’s best interest to find a new buyer quickly. Therefore, they offer a substantial discount on such products.