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General Average.. What Exactly is it?

General Average.. What Exactly is it? Imagine a cargo ship full of containers on its voyage and something unexpected happens during the trip, anything from: Theft of Goods Loss or Damage Sinking, Capsizing, Container dumping Loading and Unloading incidents Warehousing and storage issues Fire General Average is a principle of maritime law that essentially establishes

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Owner of ‘Ever Given’ declares General Average – Marine insurance matters!

Owner of ‘Ever Given’ declares General Average – Marine insurance matters! As the investigation into the grounding of the Ever Given in the Suez Canal began last week, the vessel’s Japanese owner, Shoei Kisen, has declared General Average. The grounding of the Ever Given is shaping up as potentially the most complex ‘general average’ (GA) claim of all

Owner of ‘Ever Given’ declares General Average – Marine insurance matters! Read More »