Navigating The Perils Of General Average

Ocean transportation procurement teams and vessel owners alike would do well to pay close attention to the effects of recent notable maritime perils that have triggered claims for general average.

The running aground of both the Ever Given in the Suez Canal in March 2021 and the Ever Forward in the Chesapeake Bay in March 2022 are the latest losses to have made these issues headline news.

Despite that the principle of general average dates back to the ancient Greeks, these perils have breathed new life into what were recently boilerplate general average provisions.

Shippers and their carriers are seeking clarity about how to grapple with these revitalized terms and ways to prepare for the impact that general average claims may have on their legal and commercial interests.