Services
Marine Salvage International sectors of which our services are offered but not limited
Insurance Underwriters and Their Agents
We often work in conjunction with insurance underwriters and their agents to handle salvage operations for cargo involved in maritime incidents, when a cargo becomes available due to claims handled by insurance underwriters. we assist with:
Assessments – evaluating the salvageability of the cargo and determining the feasibility and cost-effectiveness of salvaging it.
Proposal Preparation – collaborating with insurance underwriters and their agents to prepare offers for salvage operations, including estimates of costs, resources required, and potential outcomes.
Negotiation – engaging in negotiations with the affected parties, such as ship owners, insurers, or legal representatives, to reach agreements on salvage terms and compensation.
Post-Salvage Support – offering additional support if necessary, such as further transport or storage of salvaged cargo.
By collaborating closely with insurance underwriters and their agents, MSI plays a crucial role in the recovery of cargo involved in maritime incidents, facilitating the resolution of claims and minimizing losses for all parties involved.
Manufacturing Sector
MSI’s business model involves assisting the manufacturing sector by purchasing various types of products that might be rejected, have short expiration dates, customer returns, fall out of specification, or result from cancelled orders. This type of business provides several advantages to manufacturers and retailers:
Mitigating Losses – manufacturers often face losses due to rejected products, cancelled orders, or items that fall out of specification. Our service helps them recoup some of these losses by purchasing these goods, thereby reducing their financial impact.
Financial Relief – buying cancelled orders or customer returns provides financial relief to manufacturers who might otherwise have to bear the full cost of these products.
Efficient Disposal – MSI assists in efficiently disposing of rejected or unwanted products in an environmentally friendly manner, preventing them from being wasted or ending up in landfills.
Secondary Market – we are likely to sell these acquired goods in secondary markets, offering consumers discounted prices on items that might otherwise be discarded, creating a win-win situation for both your business and consumers.
Supply Chain Sustainability – by facilitating the resale or repurposing of rejected or surplus goods, your business contributes to sustainable supply chain practices by reducing waste and maximizing the use of resources.
Our role in purchasing and repurposing rejected, short-dated, or out-of-specification goods supports the manufacturing sector by offering a solution to manage surplus inventory and recover some value from products that might otherwise be considered losses.
Agricultural Sector
We engage in purchasing and trading compromised agricultural commodities due to unforeseen accidents or natural disasters, it could involve scenarios such as:
Damaged Goods Recovery – acquiring agricultural products (like crops) that have been compromised due to events like floods, storms, or accidents during transportation.
Quality Restoration or Repurposing – salvaging or reconditioning damaged agricultural products to restore their quality or repurpose them for alternative uses.
Risk Mitigation for Stakeholders – providing a service to stakeholders in the agricultural sector by mitigating losses incurred from unforeseen events, thereby assisting them in recovering some value from the compromised goods.