Liquidity for storage and detention exposure.
A reference for terminal AR, finance, and legal teams seeking liquidity and resolution on aged storage and detention portfolios.
Terminal operators carry sustained exposure on storage and detention charges where the merchant of record has gone quiet, disputed, or is otherwise unreachable. Riffington purchases those claims outright once eligibility is confirmed.
Typical claims
Container demurrage past free time, yard storage, and post-discharge holds where the original tariff or terminal services agreement establishes privity with the merchant.
What the firm needs
Tariff or terminal services agreement, gate-in / gate-out timestamps, invoice and ageing, prior correspondence, and confirmation of the contracting counterparty.
How payment works
A redacted schedule is reviewed within three business days. On acceptance, an Assignment of Claims is executed and payment is wired. Recovery is the firm's responsibility, conducted through retained maritime counsel.