In 2021, air-conditioning spare parts were shipped to Mexico City by the MV “BAI FU” from overseas. CPIC Qingdao was the insurer of the goods involved in the case, and COSCO Shipping Lines was the carrier. After the goods were looted during haulage in Mexico, CPIC Qingdao paid an insurance compensation, equivalent to about RMB 860,000 yuan, and claim against COSCO Shipping Lines for compensation plus interest.

      COSCO Shipping Lines entrusted lawyers Colin Y F Yang and Yuan Jinsong of our law firm to handle this case. After rounds of negotiations with the other party, our lawyers have fully explained and demonstrated to the other party that the occurrence of the robbery was not the fault of the carrier, and thus the carrier did not bear any legal liability. Nevertheless, it may pay a small amount of compensation as a settlement, which was agreed by the other party. The case was settled with a settlement amount of RMB 16,000 yuan. We have successfully reduced the settlement amount to less than 2% of that claimed amount, greatly reducing the loss of the client. A pre-litigation mediation agreement was reached, and lengthy legal proceedings was avoided.