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GENERAL AVERAGE DECLARED FOR MAERSK KARACHI

3/8/2015

2 Comments

 
There was an incident in Bremerhaven in May when a gantry crane collapsed on to the ship Maersk Karachi.  A couple of weeks after that, during the repair-work, there was a fire in the hold and consequently the fire services flooded holds three and four.


General Average is a process whereby the parties whose interests have been sacrificed, or who have incurred extra expenses, are recompensed by the contribution of those whose interests have been saved.


As General Average has been declared, you will be asked for an indemnity or a deposit.  Any standard Marine Insurance policy will include General Average losses, so if the goods have been insured the insured party should obtain a General Average guarantee from the insurers.


Whatever the position, your first action upon receiving notification that a General Average has been declared for a vessel, is to give immediate notice to your customer.


This is one superb reason to have Marine Insurance in place and therefor limit your liability should anything go wrong.
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2 Comments
Boat insurance massachusetts link
12/6/2023 13:50:33

It is unfortunate to hear about the declaration of general average for Maersk Karachi. This announcement typically indicates that all parties involved in the voyage will be responsible for sharing the losses incurred during a maritime incident. It is important for the affected parties to stay informed and follow the necessary procedures to resolve the situation. Our thoughts go out to those impacted by this event, and we hope for a swift resolution.

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personal blog link
8/11/2023 09:42:22

Thank you for shharing

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