General average is a clause in the shipping industry which is put into action during an accident wherein the cargo has to be sacrificed in order protect lives and ship’s property. Find out about the importance of general average inside the article.
When collision of ships occur in Indian waters, there are certain procedures and guidelines that are to be followed by the master and parties involved. Find out more about the guidelines inside the article.
It is important for maritime professionals to understand what would happen to the vessel, cargo, and wages of the crew when the ship is called for a port of refuge. Find out how general average is calculated in such situations.
At the Comité Maritime International (CMI) Conference, in New York this week, the International Chamber of Shipping (ICS) will be pressing to ensure that the proposed revision of the York Antwerp Rules of General Average delivers a clear improvement on the present system and does not touch on fundamental principles.