Ever Given and general average: How one of those quirky things about marine insurance works
When a 20,000 teu boxship becomes grounded in the Suez Canal, thousands of cargo interests are on the hook for a share of rescue costs. Two shipping barristers explain the whys and wherefores
‘If the UK P&I Club ends up paying over the odds for release of ship and cargo, is that in some way equivalent to a ransom situation? Might that be recoverable in GA as well?’ asks prominent shipping QC
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