Common use of Unclaimed cargo Clause in Contracts

Unclaimed cargo. Cargo, which was not received and taken by the Consignee after the 2 month of storage from the Handling Company, counting from the moment of informing the consignee - is considered to be unclaimed cargo. The Handling Company informs the Carrier about unclaimed cargo in accordance with IRP telexes procedures. The Carrier is obliged to clear storehouses of the Handling Company from the unclaimed cargo and to pay for full period of storage keeping, as well as other compensations, expenses, penalties non- delivery oriented.