Subrogation & Recovery
Who we are
Learn more about our Subrogation, Salvage, and Legal Services.
The Benefits of Choosing RPSG for Your Non-Legal,
Out-of-Court Cargo Recovery Services Include:
MARINE CARGO LOSSES
Legal Services
In conjunction with our Strategic Legal Partners in Panama, Risk Protection Services
Global is able to provide marine litigation services which include:
Marine Insurance
Claims
Carriage of Goods Cargo Claims
Claims for Privileged Maritime Liens
Vessel
Arrest
General Average and Cargo Transshipment Claims
Claims involving Charter Parties
Claims for Services Provided to the Vessel
Bunker
Claims
Marine Insurance and Reinsurance Claims
MARINE CLAIMS WITHIN PANAMA
The 3 Major Advantages RPSG Provides to their Clients in Pursuing a Marine Claim from within Panama:
ADVANTAGE #1
Panama’s Maritime Registration Leadership
Panama is a major maritime hub in the world because Panama’s registered vessels contain over 81 million tons or about 22% of the total tonnage in the world, with more than 8,000 vessels registered as Panamanian, compare with the United States that has 3,500 and China 3,650, making Panama the largest maritime vessel registered by tonnage in the world. Thus Panamanian maritime law and its application during litigation involving a Panamanian registered vessel will be of paramount importance as any injunction admitted by the Panama Maritime Tribunal against a Panamanian registered vessel will create a lien on the vessel title facilitating a prompt judicial resolution of the loss.
ADVANTAGE #2
Strategic Value of Panamanian Maritime Law
The arrest of a vessel at fault or a sister vessel, for a cargo loss in Panamanian waters or in any other jurisdiction in the world, while transiting the Panama Canal or awaiting transit will reduce the time frame and costs involved for settling a maritime loss attributed to a cargo vessel proven to be at fault for the loss. As a result, RPSG’s clients benefit from expedited legal processes and increased likelihood of successful recovery.
ADVANTAGE #3
Quick Resolution via
Vessel Arrest in Panama
The arrest in Panama of a vessel at fault or of a sister vessel will allow the claimant to obtain a payment guarantee (Letter of Undertaking from a reputable P and I Club) for the purpose of not allowing the vessel owner to sell the vessel — avoiding the effect of leaving all debt creditors without any assets from which to recover the cargo loss. Thus creating the necessary conditions for vessel owners to promptly settle a loss with all interested parties.
Subrogation & Recovery
Learn more about our Subrogation, Salvage, and Legal Services.
The Benefits of Choosing RPSG for Your Non-Legal,
Out-of-Court Cargo Recovery Services Include:
✔ Avoiding long, complex, and elevated litigation costs in pursuing court-based marine cargo recovery. In some instances, the prospects are uncertain, and the results may exceed the actual cost of the damaged or lost cargo.
✔ Entering flexible, scalable, and cost-effective recovery services with no financial risk to clients on a win-win basis.
✔ No recovery fees are charged to the client unless a successful recovery outcome is achieved.
✔ No cure, no pay basis tailored to individual clients. Contingency fee basis only.
✔ Standard cargo losses handled on an out-of-court basis.
✔ Losses under the policy deductible handled out of court.
✔ Review of closed claim files to determine prospects of recovery based on statutes of limitation/time bar, contract of affreightment conditions, and particulars of loss.
✔ Marketing of salvage cargo to obtain recoveries.
✔ Co-handling of cargo recoveries with our London-based resource network, directly with vessel cargo insurers (P&I Clubs).
✔ Thorough review and analysis at no cost to the client of the affreightment contract, bills of lading, loss evidence, and other supporting shipping documentation to implement our recovery strategy.
✔ Putting at your service a recovery staff very well acquainted with international conventions governing the carriage of goods by sea, air, and road, as well as pertinent transportation legislation in the Latin American region.
✔ Overcoming the intricate legal scenarios involving ocean and inland cargo losses in a region like Latin America, based on the Napoleonic Code, may require the involvement of our local legal resources to expedite positive recovery results.
✔ In certain circumstances, the arrest of a vessel transiting the Panama Canal, with set and affordable costs from our legal team in Panama, will lead to an immediate settlement of any outstanding cargo loss or other type of maritime debt and a prompt and successful out-of-court claim resolution.
✔ In our view, the legal approach to pursuing marine cargo recovery should be utilized only as a last resort strategy.
✔ Successful completion of a recovery process by mutual consent has fostered and improved our working relationship with ocean carriers and their P&I Clubs.
LEGAL SERVICES
Marine Cargo Losses
In conjunction with our Strategic Legal Partners in Panama, Risk Protection Services Global is able to provide marine litigation services which include:
Marine Insurance Claims
Carriage of Goods Cargo Claims
Claims for Privileged Maritime Liens
Vessel Arrest
General Average and Cargo Transshipment Claims
Claims for Services Provided to the Vessel
Bunker Claims
Marine Insurance and Reinsurance Claims
Claims involving Charter Parties
MARINE CLAIMS WITHIN PANAMA
The 3 Major Advantages RPSG Provides to their Clients in Pursuing a Marine Claim from within Panama:
ADVANTAGE #1
Panama’s Maritime Registration Leadership
Panama is a major maritime hub in the world because Panama’s registered vessels contain over 81 million tons or about 22% of the total tonnage in the world, with more than 8,000 vessels registered as Panamanian, compare with the United States that has 3,500 and China 3,650, making Panama the largest maritime vessel registered by tonnage in the world. Thus Panamanian maritime law and its application during litigation involving a Panamanian registered vessel will be of paramount importance as any injunction admitted by the Panama Maritime Tribunal against a Panamanian registered vessel will create a lien on the vessel title facilitating a prompt judicial resolution of the loss.
ADVANTAGE #2
Strategic Value of Panamanian Maritime Law
The arrest of a vessel at fault or a sister vessel, for a cargo loss in Panamanian waters or in any other jurisdiction in the world, while transiting the Panama Canal or awaiting transit will reduce the time frame and costs involved for settling a maritime loss attributed to a cargo vessel proven to be at fault for the loss. As a result, RPSG’s clients benefit from expedited legal processes and increased likelihood of successful recovery.
ADVANTAGE #3
Quick Resolution via Vessel Arrest in Panama
The arrest in Panama of a vessel at fault or of a sister vessel will allow the claimant to obtain a payment guarantee (Letter of Undertaking from a reputable P and I Club) for the purpose of not allowing the vessel owner to sell the vessel — avoiding the effect of leaving all debt creditors without any assets from which to recover the cargo loss. Thus creating the necessary conditions for vessel owners to promptly settle a loss with all interested parties.
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Specie
SPECIE
With Our Global Resources
RPSG can assist in your salvage needs anywhere in the world on immediate notice. Please contact us for further details.