What's Your Payout?

What's Your Payout?

Who foots the bill when your container ends up in the drink?

For those in the shiping game, when things go well, they go very well, and when they go bad they are horrid. The normally invisible industry of containerised shipping was brought into the public eye last May when YM Efficiency lost 83 containers off the coast of New South Wales. It also brought to the front of the mind the question of what the liability scheme is for damage to cargo when there is no obvious liability on either the shipper or the ocean carrier.

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Whats-Your-Payout.pdf Whats-Your-Payout.pdf (485kB)