What is the general average concept?
What is the general average concept?
General Average is a principle of maritime law that essentially establishes that all sea cargo stakeholders (owner, shipper, etc.) evenly share any damage or losses that may occur as a result of voluntary sacrifice of part of the vessel or cargo to save the whole in an emergency.
Why did ever given declare general average?
A declaration of general average effectively gives the shipping company the right to hold on to the cargo until the procedure has been satisfactorily completed. The procedure can take weeks and even months.
What are general average charges?
A simple example of general average expenditure is the amount paid by the ship owner for tug assistance in time of peril. The expenditure incurred by the ship owner for the common benefit of the ship and cargo would be contributed to by the ship and cargo interests.
WHO declares general average?
When the master takes such emergency action, they do so under a provision of maritime law called general average. When a general average is declared, it means the carrier and each cargo owner is responsible, in part, for damage to or loss of cargo or the ship itself.
Can Ever Given declare general average?
The Ever Given’s owners notified Evergreen on the 1st April that it declared a general average following the work to refloat the vessel, which means that shippers will potentially be required to share the expenses incurred in the ship’s rescue. General average arose to help spread this loss.
What is general average and particular average?
An average may be particular or general. A particular average is one that is borne by the owner of the lost or damaged property (unless he was insured against the risk). A general average is one that is borne in common by the owners of all the property engaged in the venture.
Who is Ever Given owner?
Shoei Kisen Kaisha
Ever Given
| History | |
|---|---|
| Owner | Shoei Kisen Kaisha |
| Operator | Evergreen Marine |
| Port of registry | Panama City, Panama |
| Builder | Imabari Shipbuilding (Japan) |
What is general loss?
General Average Losses — maritime partial losses sustained from voluntary sacrifice, such as jettisoning part of the cargo, to save the ship or crew, or from extraordinary expenses incurred by one of the parties for everyone’s benefit, such as the cost to tow a disabled vessel.
Who was captain of ever?
The Ever Given anchored in the Great Bitter Lake. Captain Kanthavel and his crew have now been floating in the Great Bitter Lake for about three months.