General Average

Evergreen Declares General Average on Grounded Ever Forward

Following the failure to refloat the 12,000 teu Ever Forward this week, Evergreen announced, today that, with the increasing costs of the salvage operation, it had declared General Average. The Ever Forward container ship ran aground in Chesapeake Bay on March 13 when it was headed from the Port of Baltimore to Norfolk, Virginia. The ship has […]

Evergreen Declares General Average on Grounded Ever Forward Read More »

Fire In Engine Room On NYK Delphinius

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: 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

General Average.. What Exactly Is It? Read More »