by Mike Yarwood

Senior Loss Prevention Executive

TT Club

Following the tragic casualty of Maersk Honam, which caught fire on 6 March taking the life of five crew members, and the sad fact that damaging container ship fires are all too frequent, it is timely, particularly for shippers and freight forwarders, to explain the dynamics of as well as 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 emergency

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