A Refresher on General Average and Why Shippers Should be Knowledgeable and Prepared

A Refresher on General Average and Why Shippers Should be Knowledgeable and Prepared

by | Feb 16, 2021 | China, Compliance, FCL, Freight Forwarder, Insurance, LCL, Logistics, Ocean Freight Forwarding, Popular Freight Forwarding Blogs, Supply Chain Dictionary

  The General Average topic recently resurfaced in the news when the cargo ship “ONE Apus” suffered the second most significant cargo loss in history. The 14,000 TEU vessel experienced a massive container stack collapse en route to Long Beach from Hawaii on Nov....

What is General Average?

by | Oct 23, 2013 | Supply Chain Dictionary

Definition – General average is a principle of maritime law which dictates that all parties with freight on-board proportionally share any losses sustained when cargo must be jettisoned to save a ship. How does this affect my shipments? – Even if your shipment is not...

Cargo Insurance

by | Mar 18, 2020

Cargo Insurance TYPES OF COVERAGE WE OFFER   Ocean and air freight policies General average Stranding, sinking, burning, and collision Heavy weather Faults in the management of the vessel Strikes, riots & civil commotions (SR & CC) Pilferage, leakage,...