CRC | Solutions, Not Problems

CRC is an independent specialist providing commercial solutions relating to distressed cargo for the marine industry. Our track record over 40 years proves a history of reliability in bringing the most imaginative solutions to the most complex and seemingly intractable problems. Where the minimisation of losses is critical, we are prepared to commit our own capital to outright purchase of cargoes and the associated transhipment logistics. SOLUTIONS NOT PROBLEMS.

Raw Sugar

Refined Sugar

Corn

Sulphur

Cotton

Refined Sugar

Soya Bean Meal

Vegetable Oil

About Us

CRC helps to resolve the complex legal and insurance issues which arise when a cargo fails, for whatever reason, to reach its original intended consignee. CRC has more than 40 years experience in organising and performing transhipment of cargo from damaged vessels world-wide.

In particular CRC has undertaken STS operations in south east Asian waters, in the PG area, in South Africa, in north Europe, in Turkey and extensively in Greek waters during that time.

CRC negotiates as an independent principal with the various interested parties in order to provide a commercially acceptable solution resulting in overall loss mitigation. In this process CRC may commit its own capital to purchase the cargo and to settle the outstanding claims of the various interested parties.

We operate from Switzerland, Singapore and the UK.

“Our extensive network of agents and buyers allows us to propose and execute commercial solutions on a global basis.”

Clients

We provide commercial solutions for the following interested parties and their professional advisors:

Cargo insurers
Re-insurers
P & I Clubs
Salvors
Ship owners
Hull & machinery underwriters
Port Authorities
Cargo owners
Cargo shippers

Contact us directly or via a professional advisor regarding problems relating to distressed cargo.

Problems

Goods shipped by sea may not reach their original specified consignee for many reasons. The following list is not exhaustive. It does cover situations, amongst many others, where CRC has been able to provide commercial solutions to the satisfaction of all parties concerned.

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Ship seriously damaged due to engine failure.

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Insurance fraud.

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Cargo refused by consignee due to damage under P & I Club liabilities.

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Ship pirated.

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Insolvency of ship charterers and/or ship owners.

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Deterioration due to prolonged storage on board due to voyage delay or voyage not being completed.

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Cargo on board suffers damage in transit.

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Disputes between charterers and ship owners.

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Rejection by local health and/or government authorities in consignee’s country due to faults in condition/quality of cargo or discrepancies in documentation.

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Salvage services have been rendered exposing ship and cargo owners to claims.

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Cargo refused by consignee due to insured peril.

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Cargo impounded and held to court order.

Solutions

CRC’s position as an independent principal, not as an agent or broker, means that we work to provide solutions which can be accepted by all parties to a given situation.

CRC bears the cost on its own account for assessing a given situation, wherever in the world the problem may have arisen, in order to confidentially negotiate and propose an economic and workable solution to the interested parties with loss mitigation at the forefront.

“CRC has extensive knowledge of the global market for distressed and damaged goods.”

Our experience suggests that agreed solutions may include CRC assuming financial responsibility for, inter alia:

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Purchase of the cargo on an “As Is Where Is” basis

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Purchase of vessel

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Transhipment of cargo

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Towage of the vessel to destination or TO an intermediate port

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Contribution in general average

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Salvage liabilities

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Outstanding crew wages

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Other encumbrances such as port charges and arrests

Services

Logistics

CRC provides logistics expertise on “No Cure No Pay” terms whereby CRC assumes the risks of safely forwarding stranded goods to the intended destination port.

Purchase of damaged/rejected goods

CRC undertakes confidential investigations to determine the residual values of damaged and/or rejected goods worldwide to provide concerned insurers / cargo owners with offers to purchase such goods basis “AS IS WHERE IS” thus acting as sui generis reinsurer to the original insurers.

Consultancy

CRC offers fee-based consultancy regarding the valuation of distressed and damaged cargo, and associated marine logistics.

Equipment Hire

CRC has positioned high-specification cargo grabs in Cape Town and Singapore, thus covering major trade routes. These diesel hydraulic grabs are capable of handling most different types of bulk cargoes, including extremely dense and heavy material such as iron ore and other mineral concentrates. The grabs are fully maintained and ready for use. They are available at short notice for hire to third parties on specific terms.