Payment defaults in the container industry
Documented cases of buyers that received containers and did not pay. Most of them follow a gate-buy sale, where the units were delivered into the buyer's depot before payment. Check a company before you deliver, or report a default you can document.
3
Cases published
US$91,650
Outstanding
0
Creditors in groups
0
Resolved
Due diligence
Check a company before you deliver
Search by company name, registration number or website.
Florida Lines Global Containers (Conbrazil group)
Unpaid since July 2025
A buyer that had paid before, then 29 containers on credit: USD 53,600 unpaid for more than a year. Blacklisted by MG-Atlantic.
MG-Atlantic is a creditor
Outstanding
US$53,600
General Transport SARL
Unpaid since November 2025
36 containers delivered on credit, all resold, USD 28,500 still unpaid. Blacklisted by MG-Atlantic.
MG-Atlantic is a creditor
Outstanding
US$28,500
Contenedores MAS+
Unpaid since October 2025
Eight containers delivered on credit, resold, never paid: USD 9,550 outstanding for more than a year. Blacklisted by MG-Atlantic.
MG-Atlantic is a creditor
Outstanding
US$9,550
Sale terms
Release sale or gate-buy: where defaults happen
How the buyer receives the units
Collects at the seller's depot with a releaseWhen the buyer pays
Before the release is issuedWho holds the units before payment
The sellerProof of delivery
Gate-out EIR at the seller's depotRisk of non-payment
LowIn this register
RareRelease sales are normally paid before the units leave the depot. A gate-buy sale puts the containers in the buyer's hands first, which is why it needs the rules below.
Prevention
Selling on gate-buy terms: four rules
Payment before gate-in
Ask for full payment, or a confirmed transfer, before the trucks leave for the buyer's depot.
A deposit on a first deal
With a new buyer, take a deposit large enough to cover your exposure if the balance is not paid.
Deliver in tranches
On larger lots, deliver the next tranche only once the previous one is paid.
Retention of title
Where the governing law allows it, state that ownership passes on full payment, and keep every gate-in EIR.
Creditor group
Owed money by a listed company?
Open its case page and join the creditor group. MG-Atlantic puts creditors of the same company in contact so they can instruct one lawyer and share the costs.
Shared legal costs
One instruction, costs split between the creditors who join.
One coordinated action
A single file, instead of separate claims against the same debtor.
A stronger position
Several documented claims carry more weight with the debtor and the court.
Process
How a case is published
Report
A company submits the debtor, the debt and its documents.
Document review
MG-Atlantic checks the invoices, the gate-in or gate-out records and the notices sent.
Publication
A factual case page is published. Documents themselves are never published.
Creditor group
Other creditors of the same company can join to share legal costs.
Resolution
When the debt is paid, the case is marked resolved and stays visible.
Published only with invoice(s), proof of delivery and at least one formal notice, after the due date has passed.
Frequently Asked Questions
Questions about the register
Before you sell or deliver containers
Guides and pages used by traders to prepare a sale
Selling containers
Verifying a counterparty
Depots and market