Stockyard Inspection and Inventory

A stockyard inspection and inventory is an independent service that involves physically examining and counting goods stored in a stockyard or port area to verify their condition, organization, and quantity against recorded data.

The inspection evaluates the physical state of the stored goods, their arrangement, and the safety of the storage area, while the inventory process entails accurately counting items and reconciling them with official records to identify and resolve discrepancies.

This service is essential for port operators, warehouses, shippers, and insurers managing bulk cargo, steel, construction materials, and other goods subject to frequent movement or deterioration. By providing a detailed report with photographs and comments, the inspection supports risk management, internal controls, and dispute resolution, ensuring accurate stock records and minimizing losses or insurance claims.​

What technical methodologies do you use to ensure the accuracy of bulk cargo inventory?

For bulk cargo such as minerals or grains, we utilize advanced volumetric measurement methods, including GPS/drone topographic surveys and laser scanning. These techniques guarantee precise volume calculations, and by applying stowage factors, they allow for an exact verification of the quantity (tonnage) of stored goods.

How does the stockyard inspection help mitigate insurance and legal risks?

Our inspection provides independent photographic and written documentation on the physical condition of the goods (risks of fire, contamination, deterioration) and the safety of the storage area. This is crucial for managing Loss Adjusting claims, demonstrating contractual due diligence, and resolving disputes concerning the quantity or quality of the custody goods.

Why is physical inventory essential for financial and administrative management?

Physical stockyard inventory serves to reconcile actual stock levels with the company’s accounting records. This process not only prevents and identifies discrepancies due to losses, theft, or administrative errors, but also provides independently verified data, which is essential for asset valuation in financial reporting and for due diligence operations during ownership transfers.