Ocean Marine Salvage

Improperly stowed cargo, high seas, hatch door leaks, problems loading and unloading cargo are all examples of ocean transit losses.  Although marine transit has made significant improvements in recent decades, claims still occur and continue to cost insurance companies hundreds of millions annually—especially when considering that cargo volumes have skyrocketed with economic globalization.  SalvageSale works with your insured, surveyors, and insurance companies around the world to assist with all types of salvage, streamlining the overall salvage process and dramatically improving recoveries.

As a claim manager, adjuster, or surveyor, do you have a claim for damaged cargo, bulk commodities, equipment, project cargo damages, boats, yachts, and other effected goods that require an immediate solution?   Does your insured have a claim from improperly stowed cargo or mishandling that resulted in exposure or other damages? When any of the above scenarios occur, SalvageSale can provide you with proven methodologies that mitigate losses to any type of containerized cargo or bulk commodity, such as seafood, steel coils, plastics, chemicals, building materials, pulp, paper, machinery and equipment.

Introducing SalvageSale

In your past experiences with salvage, was the salvage left with the insured or sold to a local salvage broker?  Were you unhappy because there was limited interest and no competition for the salvage?  Does the salvage process change each time you have a claim?  Did you receive invoices for expenses instead of salvage recoveries?

Don’t settle for local bids or having to leave the salvage with the insured for pennies on the dollar. Connect with SalvageSale and auction your damaged cargo and equipment online and receive significantly higher recoveries.  Salvage buyers willing to pay top dollar for damaged goods are readily accessible via SalvageSale’s online auction marketplace.  Contact us today to see how we can help you unlock dramatic salvage improvements. By working with SalvageSale, you and your insured receive consistent processes and best practices for salvage situations, including proven solutions for situations where control of damaged goods and brands and labels are involved. 

Ocean Marine Case Studies

Motor Yacht, Lot S11847
Frozen Black Tiger Shrimp, Lot S15740
Polypropylene Homopolymer, Lot S20405

Say goodbye to traditional salvage methodologies. With SalvageSale, you get:

• deep expertise in all commodity types
• comprehensive inventory preparation, site assessment, damage evaluation, protection of brands and labels
• competitive buyers seeking your salvage
• excellent record keeping and detailed reporting of results

Our team of experts will assist you with on-site services to determine extent of loss and salvage options. Once you are ready to dispose of the salvage, we can help your company:

• increase claim recovery with competitive buyers
• lower total losses and loss ratios
• reduce your cycle time on claims
• improve your subrogation defense

SalvageSale's online auctions occur daily, with our market makers bringing established buyers to bid on the salvage. Let us show you how our global marketplace and proprietary auction format increase salvage recoveries for our clients—often by as much as 50-100% over traditional salvage disposal methods.

Performance Metrics:

• more than 17,000 transactions handled worldwide
• more than 140,000 buyer registrations in 140 countries
• average of 140+ bids per auction
• entire cycle time less than 19 days

The bottom line: we provide a comprehensive salvage program, establishing standards and efficiencies. Contact us today to see how our award-winning marketplace and services can help you with your claims processes.