
Loss Claims
Loss claims in the context of cargo claims refer to requests for compensation when goods shipped are lost or damaged during transit. If a shipment doesn’t arrive or is found damaged upon delivery, the cargo owner can file a claim with the carrier or insurer to recover the financial loss. This process typically involves submitting documentation, such as a bill of lading and evidence of the loss or damage. The goal is to ensure the affected party is compensated fairly for their loss, as agreed upon in contracts or insurance policies.