What is in scope.

Riffington engages on documented demurrage, detention, terminal storage, and related maritime charge portfolios. Claims must be within statute and contractually owed by a reachable counterparty. The same criteria govern both indicative valuation and final underwriting.

• Claim type
  Aged demurrage and detention charges issued by terminal operators, ocean carriers, NVOCCs, or logistics firms.
• Documentation
  Container numbers, bill of lading, free-time dates, rate basis, and invoice trail intact.
• Privity
  Contractual privity to the billed party documented; the seller is the proper invoicing entity.
• Timing
  Within the statute of limitations for the relevant jurisdiction; invoice issued within 30 days of the date the charge was last incurred (46 CFR Part 541).
• Status
  No active dispute or unresolved setoff defense at the time of assignment.
• Counterparty
  Debtor solvent and reachable in a jurisdiction where maritime counsel can enforce.
• Portfolio size
  Minimum $250,000 face value. No upper limit; brackets extend through $25M+.

• Missing records
  Free-time dates, BOL, container event log, or rate basis cannot be reconstructed.
• Non-compliant invoices
  Invoices that fail the 2024 FMC rule on required information, timing, or party identification.
• Active dispute
  Open commercial dispute, setoff claim, or pending arbitration on the underlying charge.
• Out of statute
  Claims past the statute of limitations for the relevant jurisdiction.
• Unreachable debtor
  Counterparty insolvent, dissolved, or located in a jurisdiction without practical enforcement.
• Repricing
  Claims that fail the compliance screen are declined, not repriced.

Demurrage

Charges assessed when cargo or containers remain at a terminal beyond the allowed free time.

Detention

Charges assessed when carrier equipment is held outside the terminal beyond the allowed free time.

Assignment

Legal transfer of the claim from the seller to Riffington. After assignment, Riffington is the owner of record.

True sale

An outright purchase — not a loan or advance against the receivable. Title passes on closing.

No recourse

Non-payment risk transfers to Riffington on closing, subject to the seller's limited representations and warranties.

Aged receivable

An invoice that has remained unpaid past its due date long enough to require escalation or write-down.

Contractual privity

A direct contractual relationship between the seller and the billed party for the charge in question.

Statute of limitations

The legal window during which the claim remains enforceable in the relevant jurisdiction.