The customers processing platform was struck by a commercial freighter and extensive damage resulted in the sinking of the processing plant.
Insurance company representatives thought that the customer may have over estimated the value of the contents loss. Both parties agreed that a third party was needed to evaluate inventories and selected equipment values. The Buying Network was hired for the task.
The Buying Network shopped thousands of line items and recorded the multiple bids for each.
After a short few weeks the project was complete and documents sent to owners, insurance adjusters and the marine surveyors. The bottom line was that the insurance company for the shipping company did in fact under estimate the value of the loss. The fish processing company was awarded more than a million dollars extra compensation for the loss.
To this day after the project in the year 2000, this customer uses The Buying Network procurement service. The supply of janitorial and housekeeping for the crew quarters, sanitation equipment and chemicals for the plant, MRO items for the engineering department, rainwear, absorbents, fish processing supplies and much more.
For more information please contact us.
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