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(코리아타운뉴스) “I Will Pay Double For My Item”

Shipper Hanjin’s cargo chaos
leaves suppliers feeling anxious

As Hanjin Co., one of the world’s largest shipping lines, struggles to get its stalled supply chain going again, the U.S.-based suppliers of South Korean goods are inevitably suffering unexpected consequences.

The suppliers are finding themselves helpless while more than half of Hanjin’s vessels are stranded in ports worldwide and at sea. Even the shipments that have safely arrived at the ports cannot be distributed due to Hanjin’s failure to pay for the unloading costs.

Such a stifling situation has even convinced some suppliers to offer additional fees to receive their shipments, but the current process of recovering the stranded items seems much more complicated than many had hoped.

For many suppliers, which were due to receive shipments stored in a significant number of containers, paying extra would simply be too much of a financial burden.

“It’s only ideal to pay extra money for suppliers with limited amount of items to receive,” said Korean American attorney Jin-jung Kim, who specializes in international trade laws. “Larger retailers, such as Walmart and Amazon, have already made a request for the government’s involvement, so it may be best to wait at the moment.”

Kim added that affected suppliers can receive proper compensation at a later date by filing a lawsuit with various evidence of the records that indicate their respective losses. The best response for the U.S.-based suppliers at the moment is to find an alternate shipper, he said.

Additionally, Kim stressed that the recently emerging brokers who are asking suppliers to pay $2,000 to $3,000 to receive the items are resorting to illegal measures as many of them are not registered by the Federal Maritime Commission to carry out such duties.

Legal experts are predicting that Hanjin’s recent issues will likely lead to a series of legal action from the suppliers, shipping companies and even container rental services.


By Sung Cheol Jin



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