General average explained( and should importers insure their goods) Our opinion is YES

General average explained( and should importers insure their goods) Our opinion is YES

Following the tragic casualty of Maersk Honam it is timely, particularly for shippers and freight forwarders, to cover the dynamics and risks associated with General Average. While the concept of General Average (GA) is widely recognised and as old as maritime transport itself, it is also a commonly misunderstood process. This principle of maritime law governs the process by which all stakeholders in a particular voyage share losses resulting from actions taken in an emerency.

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General-average-explained-and-should-importers-insure-their-goods-Our-opinion-is-YES.pdf General-average-explained-and-should-importers-insure-their-goods-Our-opinion-is-YES.pdf (332kB)