Rejection of an agricultural commodity at its destination can be very costly. The cost of reloading or re-routing a consignment can be extremely damaging, but the reasons cannot always be anticipated and may well be beyond the trader’s control.
Protect against unexpected losses
Our agricultural commodity rejection guarantee solution provides traders with cover against unexpected losses resulting from cargo rejection, for example, the presence of genetically modified organisms (GMO). Under the terms of these agreements, we guarantee to cover the expense of reloading any cargo that is already discharged or the cost of re-routing if a destination becomes unavailable. The rejection guarantee also covers demurrage and any depreciation in value that may occur as a result of delays in agreed loading and unloading.
With industry experts in all major trading hubs, we offer a range of additional guarantee services, including:
- Comprehensive cover
- Full outturn guarantee (FOG)
- Full outturn quality (FOQ)
- Fumigation guarantee
- Seller’s interest/contingency insurance
Why choose SGS?
We are recognized as the benchmark for quality and integrity. Our flexible solutions can be delivered in all major markets, helping companies to minimize the risks involved in trading overseas and reducing financial exposure when issues arise.
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12FL, Chongryong Bldg., 257, Hangang-daero, Yongsan-gu,
04322,
Seoul, Korea, Republic of