Cargo at Owners Risk
October 1, 2014
September 1, 2014
(Applicable at Logistec operations at East River Terminals and Lanier Docks Only)
All bulk commodities placed in either inside or outside storage are at owner’s risk of depreciation in grade from weather, damages, insects, rodents, or any other causes including natural increase in breakage content resulting from either repeated handlings under industry accepted standards, or due to excessive storage time. For purposes of this schedule, excessive storage time is defined as cargo remaining in storage over six (6) months.
All loss in weight from handling or excessive storage will be assessed against the owner’s account.