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 that all sea cargo stakeholders (owner, shipper, etc.) evenly share any damage or losses that may occur as a result of voluntary sacrifice of part of the vessel or cargo to save the whole in an emergency.

A good ...

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Marine Insurance is Important!

I hope the owners of cargo on board this ship have Marine Insurance… 

The 3 month old cargo ship MV X-Press Pearl had a fire erupt while off the coast of Sri Lanka, believed to be caused by chemicals that were being transported. The ship carrying 1486 containers including 25 tonnes of nitric acid (and other chemicals) had 5 tug boats and a navy ship anchored nearby engaged in firefighting efforts.

Marine Insurance is ALWAYS worth it!
If you’re thinking about moving ...

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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 time, with litigation potentially involving 20,000 teu and up to 20 cargo interests per container.

Lloyd’s List has reported that Egypt is looking to claim around $1bn in compensation for the casualty that closed the Suez Canal for six days last ...

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Marine Insurance – Not Just for Your Cargo

What are the chances you will lose a shipment during transit?  Is it worth spending the money to insure it, especially if it’s a low value item?

The cost of losing your shipment may be a lot more than just the cost of your cargo.

A little known fact about maritime law is when you put your cargo on a vessel, you actually enter into a joint venture with the shipping line and every other Shipper with cargo on that voyage.

What this ...

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Customs Clearance

Not only can we organise freight for you, we can also organise and complete your Customs Clearance!

Duty rates, Customs & Quarantine Clearance and Entry processes differ from Country to Country. Tariff Classifications, Value Declaration and Duty Management can create confusion and increase costs, not to mention that additional Customs and Security initiatives have imposed new regulations on Companies; that make it more challenging than ever to trade Internationally.

Our Customs Brokerage experts produce compliant entries time after time, moving your shipments ...

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