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 MarineCargoRecovery.com
There are many types of salvage lots. Don’t be fooled by unscrupulous sellers offering warranties or guarantees on distressed cargo. As the name implies salvage and distressed cargoes are rejected due to damage. This damage could be obvious as in water soaked cases of clothing and heavy rust on steel pipe, or invisible to the naked eye as in concealed damage. A container of computers exposed to moisture or a load of precision measuring instruments dropped 10 feet on the pier could have concealed damage rendering the product unsellable.
Marinecargorecovery.com will inform you of any known damage to cargo being offered for sale, how, when and where the damage occurred and if the product has been segregated and recouped. If you are purchasing the entire contents of a container then you know there has not been any sorting and retention of cargo. This can greatly affect the value of the salvage. Recoupering involves sorting the good from the bad material and repackaging the good material so that the importer can retain this cargo. The bad cargo that has been sorted out is either destroyed or offered for salvage sale. This process helps to minimize losses but if you are buying this salvage it will have less value.
Salvage product is typically sold as is, with no express guarantees or warranties…buyer beware. Sometimes the profits can be tremendous other times after accounting for transportation, sorting, repackaging, and warehousing the buyer could face a loss. Developing a good relationship with your salvage company is imperative.
Salvage Lots
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