Forensic Accounting

Marine & Cargo Damages

Home·Areas of Expertise·Financial Investigations, Valuation & Risk·Forensic Accounting

Our specialized expertise in marine and cargo damages includes stock throughput, business interruption, extra expense, subrogation, insurance disputes, as well as many other issues of both common and unique natures.

We have been hired to conduct numerous investigations across disparate industries because of our in-depth understanding of the delays, disruptions, logistical challenges, and risks that are central to the global marine supply chain.

Contact Us
Our Services
  • Analysis of Extra Expenses Related to Tank Ullage, Capacity Issues, or Ports
  • Analysis of Records in Relation to Cargo
  • Business Interruption & Extra Expense Claims
  • Contingent Business Interruption & Delay Analysis
  • Expert Testimony & Litigation Support
  • Market Valuation of Agriculture Commodities Costs
  • Quantum of Cargo / Stock Throughput / Stock Loss
  • Subrogation
  • Time Element Impact on Repair & Rework to Insured Property for Hull & Marine Liability
Our Experts Are Engaged in Matters Involving
  • Consequential Losses in Marine Peril
  • Damages Caused to a Vessel in Transit
  • Financial Impacts at Ports / Terminals / Shipyards
  • Loss of Goods in Supply Chain – Inventory & Manufacturing on a Stock Throughput Form
  • Losses to Shipping-Related Businesses Due to Physical Loss or Damage to Third Parties
  • Missing Goods
  • Physical Loss or Damage to Goods in Transit & Storage
  • Theft of Cargo
Open Cargo Stock Throughput

Our forensic accountants help to quantify goods that were lost or damaged at any point in the supply chain between production and final delivery.

We offer expertise in static losses, damage or losses to cargo in transit, cargo damaged on the water, and claims of theft, missing goods, or unknown disappearance.

Our experts create detailed schedules and databases which identify the quantity of goods lost and the associated purchase costs, selling prices, taxes, etc., allowing our team to determine the quantum of damaged goods. We also help to measure additional costs incurred in marine and cargo claims, including business interruption, extra expense, and contingent business interruption.

Theft, Missing Goods, or Unknown Disappearance

Our forensic accountants analyze inventory purchases, sales, shipping records, pre- and post-loss physical counts, and other available data to quantify the amount of goods that are missing and/or may have been stolen.

Our team is retained to augment an insurance adjuster’s investigation into claims of theft by facilitating the gathering of necessary financial data and analyzing the records to simplify and summarize results.

Contingent Business Interruption & Delay Analysis

Our forensic accountants evaluate business interruption losses caused by the delay in the shipment of goods. Our team measures the lost sales of delayed goods; provides an analysis of anticipated net sales to be earned at retail locations, as opposed to net sales earned online and/or through wholesalers; and conducts a review to determine whether specific goods are deemed to be seasonal.

Repair & Rework to Insured Property

Our forensic accountants calculate damages due to inefficiencies and delays caused by damage to insured property in the supply chain. After the period of restoration is determined, our experts quantify the additional repair costs incurred during that period and evaluate the additional in-house labor required to work around the damage and attempt to meet contracted delivery dates.

RELATED SERVICE AREAS Click the icon to view the directory
 
Find Your Expert
Find Your Expert

Marine & Cargo Damages

Related Insights

Our insights cover a variety of topics impacting businesses, society, the economy, and the environment. Check out our latest white papers, research reports, educational seminars, industry speaking engagements, and perspective articles.

Perspectives
Ports & Terminals: Potential Claims & Other Impacts Resulting from the Francis Scott Key Bridge Collapse
Perspectives
How to Handle Complex Ports and Terminals Business Interruption Insurance Claims
Perspectives
Detecting Inflation-Driven Fraud in Marine Stock Throughput Insurance Claims
View All Insights
 
INDUSTRY INSIGHTS
Keep up with the latest research and announcements from our team.
Back to top
J.S. Held

Headquarters

50 Jericho Quadrangle
Suite 117
Jericho, N.Y. 11753
+1 516 621 2900
[email protected]

Media Relations

Contact: [email protected]

Subsidiary Firms

Contract Administration Associates, a J.S. Held Company

DBSConsult, a J.S. Held Company 
 

JS Held Malaysia Sdn. Bhd. | Registration No. 202001033278 (1389599-P)

J.S. Held Engineering Services PLLC

J.S. Held Singapore Pte. Ltd. | Registration No. 202032700W

J.S. Held UK Limited

J.S. Held India Private Limited

Ocean Tomo, a part of J.S. Held
 

California Architecture & Engineering services are provided by J.S. Held Engineering and Architecture, Inc., a wholly owned subsidiary of J.S. Held LLC

J.S. Held, its affiliates and subsidiaries are not certified public accounting firm(s) and do not provide audit, attest, or any other public accounting services. J.S. Held is not a law firm and does not provide legal advice. Securities offered through PM Securities, LLC, d/b/a Phoenix IB, a part of J.S. Held, member FINRA/ SIPC or Ocean Tomo Investment Group, LLC, a part of J.S. Held, member FINRA/ SIPC. All rights reserved.

Member FINRA | SIPC
J.S. Held

Headquarters

50 Jericho Quadrangle
Suite 117
Jericho, N.Y. 11753
+1 516 621 2900
[email protected]

Media Relations

Contact: [email protected]

Subsidiary Firms

Contract Administration Associates, a J.S. Held Company

DBSConsult, a J.S. Held Company 
 

JS Held Malaysia Sdn. Bhd. | Registration No. 202001033278 (1389599-P)

J.S. Held Engineering Services PLLC

J.S. Held Singapore Pte. Ltd. | Registration No. 202032700W

J.S. Held UK Limited

J.S. Held India Private Limited

Ocean Tomo, a part of J.S. Held
 

California Architecture & Engineering services are provided by J.S. Held Engineering and Architecture, Inc., a wholly owned subsidiary of J.S. Held LLC

J.S. Held, its affiliates and subsidiaries are not certified public accounting firm(s) and do not provide audit, attest, or any other public accounting services. J.S. Held is not a law firm and does not provide legal advice. Securities offered through PM Securities, LLC, d/b/a Phoenix IB, a part of J.S. Held, member FINRA/ SIPC or Ocean Tomo Investment Group, LLC, a part of J.S. Held, member FINRA/ SIPC. All rights reserved.

Member FINRA | SIPC
Areas of Expertise
 
Technical & Scientific Strategic Advisory Financial Investigations, Valuation & Risk Digital & Data
Markets We Serve
 
Aerospace & Aviation Agriculture Cannabis Construction Consumer Products & Services Cyber Education Energy & Power Financial Services Food & Beverage Government Healthcare Industrial & Manufacturing Insurance Private Equity Real Estate Retail, Restaurant & Hospitality Technology, Media & Telecommunications Transportation Infrastructure
Insights
 
White Papers & Research Reports Perspectives Educational Seminars & Events
About Us
 
Culture & Careers Our Experts Our Locations Leadership News Contact Us
Our Experts
close Created with Sketch.
Choose your language
Choose your region
Select Location · Submit Assignment · Search
 
Home Areas of Expertise Markets We Serve Insights About Us Our Experts