muzled 140 Posted June 26, 2019 Share Posted June 26, 2019 Just reading about a fire one of the Maersk ships had and how they are billing companies who had containers on board under 'General Average'. Never heard of that but it sounds rather convenient to the shipping company. Must remember not to sniff at insurance if I ever ship anything anywhere again... https://worldmaritimenews.com/archives/249064/maersk-honam-battling-a-fire-for-over-a-month/ Maersk Line said earlier that the berthing and discharging operations of the fire-ravaged boxship would result in high extraordinary costs. The company has therefore decided to declare General Average, under which all parties with a financial interest in the voyage are to proportionally share the losses resulting from the incident. British International Freight Association (BIFA) said insurance claims resulting from the fire would be hundreds of millions of dollars. Quote Link to post Share on other sites
El Toro 97 Posted June 28, 2019 Share Posted June 28, 2019 Thats a bit rich given how much they are worth.... not bad a for family owned business.... Quote Link to post Share on other sites
Cantab 341 Posted June 29, 2019 Share Posted June 29, 2019 Do you get a proportionate share of the profits if a voyage goes well? Quote Link to post Share on other sites
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