Forensic Accounting

Marine & Cargo Damages Forensic Accountants

J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida

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Our forensic accountants provide specialized expertise regarding marine and cargo damages, including stock throughput, extra expense, business interruption, subrogation, and insurance disputes involving goods damaged or missing while in transit or storage.

We are engaged to investigate marine and cargo losses across disparate industries due to our in-depth understanding of the delays, disruptions, logistical challenges, and risks that are central to the global marine supply chain. Our team analyzes shipment data, damage reports, and operational records to quantify inventory/stock losses and business interruption and help resolve claims involving transit delays, physical damage, or missing goods.

Our Marine and Cargo Damages Forensic Accounting Services
  • Analysis of Extra Expenses Related to Tank Ullage, Capacity Issues, or Ports
  • Analysis of Records in Relation to Cargo
  • Business Interruption & Extra Expense Claims
  • Contingent Business Interruption & Delay Analysis
  • Expert Testimony & Litigation Support
  • Market Valuation of Agriculture Commodities Costs
  • Quantum of Cargo / Stock Throughput / Stock Loss
  • Subrogation
  • Time Element Impact on Repair & Rework to Insured Property for Hull & Marine Liability
Comprehensive Marine and Cargo Loss Assessment and Investigation

Our experts investigate and quantify marine and cargo-related financial losses across the global supply chain. We are retained in a wide range of incidents, including:

  • Consequential losses in marine peril, including disruptions due to grounding, collision, or heavy weather events, with analysis of delayed deliveries, market loss, and business interruption
  • Damages caused to a vessel in transit, including hull damage, container breaches, and mechanical failures that affect voyage completion and cargo integrity
  • Financial impacts at ports, terminals, and shipyards, including berth closures, damage to cargo handling infrastructure, and logistical bottlenecks impacting turnaround times
  • Loss of goods in the supply chain, particularly for inventory and manufacturing losses tracked under stock throughput forms
  • Losses to shipping-related businesses due to physical loss or damage to third parties
  • Missing goods, traced through forensic audit of records and inventory reports
  • Physical loss or damage to goods in transit and storage
  • Theft or mysterious disappearance of cargo
Open Cargo Stock Throughput

Our forensic accountants help quantify goods that were lost or damaged at any point in the supply chain, from production through final delivery. We evaluate static losses; damage or losses to cargo in transit; cargo damaged on the water; and claims of theft, missing goods, or mysterious disappearance.

Our experts create detailed schedules and databases to identify the quantity of goods lost and the associated purchase costs, selling prices, taxes, and other variables used to determine the quantum of stock throughput or cargo loss. We also help to measure additional claims in marine and cargo matters, including business interruption, extra expense, and contingent business interruption.

Theft, Missing Goods, or Mysterious Disappearance

Our forensic accountants analyze inventory purchases, sales, shipping records, pre- and post-loss physical counts, and other available data to quantify the amount of goods that are missing and/or may have been stolen. Our investigations support insurance professionals and legal teams to validate claims of theft, missing goods, or mysterious disappearance by facilitating the gathering of necessary financial data and analyzing the records to simplify and summarize results.

Contingent Business Interruption & Delay Analysis

Our forensic accountants evaluate business interruption losses caused by the delay in the shipment of goods. Our team measures the lost sales of delayed goods; provides an analysis of anticipated net sales to be earned at retail locations, as opposed to net sales earned online and/or through wholesalers; and conducts a review to determine whether specific goods are deemed to be seasonal.

Repair & Rework to Insured Property

Our forensic accountants calculate damages due to inefficiencies and delays caused by damage to insured property in the supply chain. After the period of restoration is determined, our experts quantify the additional repair costs incurred during that period. Further, we evaluate the additional in-house labor required to work around the damage and attempt to meet contracted delivery dates.

In cases involving complex supply chain structures, we assess how delays at marine terminals, shipyards, or offshore facilities contribute to cumulative repair costs, including analysis of contractor productivity, rerouting efforts, and contract penalties stemming from delayed asset availability. Our insights help clarify subrogation efforts and assist insurers and legal teams to determine the full financial implications of marine disruptions.

Causation and Third-Party Exposure Analysis

We evaluate how factors including external parties, contractual conditions, or transportation disruptions may have contributed to marine cargo losses or shipment delays.

Our forensic accounting experts conduct structured reviews of shipment records, logistics workflows, and financial documentation to provide objective analysis in claims involving third parties in recovery or defense scenarios.

Expert Witness and Litigation Support for Marine Claims

Our forensic accountants, technical experts, and marine engineers provide expert testimony in cargo and marine-related litigation and disputes.

We assist with technical evaluations, financial quantification, and incident reconstruction for insurance professionals and legal counsel, including independent assessment of damages, document review, expert report preparation, deposition assistance, and trial testimony in matters involving marine and cargo losses.

For additional information about our services and to help put you in touch with the appropriate expert across our global team, contact:

Aubrey Shea
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Aubrey Shea
Executive Vice President | Forensic Accounting – Insurance Services Practice Lead
Joe Aldous
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Joe Aldous
Executive Vice President | Forensic Accounting - Insurance Services
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