The Ever Forward ran aground in the Chesapeake Bay and sat stuck for over 30 days with the rescue operation resulting in the declaration of General Average. General Average was declared for the...
General Average
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[Video] TRG Talks Trade Episode 1 – General Average on MSC Sabrina
Trade Risk Guaranty discusses a real life story of General Average in their first episode of TRG Talks Trade. Join Trade Risk Guaranty for our first episode of our new video series; TRG Talks Trade....
2021 General Average Events: Year-End Wrap Up
Get an overview of the 2021 General Average events to better understand the frequency of these occurances. A frequent question we receive when talking about General Average is "how common is it for...
Suez Canal Blockage Results in General Average
The Suez Canal was blocked for six days between March 23rd and 29th, 2021, after the accidental grounding of a cargo ship known as the Ever Given. General average has officially been declared as a...
[Video] What is General Average Claims Process?
In an educational video, Trade Risk Guaranty explains the General Average claims process and how an adjuster calculates each party's contribution. The law of General Average (GA) can be a very...
[Video] What is General Average?
In an educational video, Trade Risk Guaranty explains the maritime law of General Average and how it can be declared on a shipment. The law of General Average (GA) is a legal principle of maritime...
Maersk Container Ship Ran Aground, Article Round-Up
A Maersk container ship ran aground while traveling through the Strait of Messina in Southern Italy. Early morning on Tuesday, January 10th, the 9,000 TEU container ship, Gustav Maersk, ran aground....
[Webinar] Protect Your Business with Marine Cargo Insurance
Marine Cargo Insurance. Trade Risk Guaranty is here to help in our 20-minute webinar uncovering the mystery of Marine Cargo Insurance. Importing in the United States is a confusing process that puts...
A Story of General Average and the M/V MSC Sabrina
It can be difficult to understand the concept of General Average in international trade, especially when you have not yet experienced this type of claim for yourself. Read this real-life example of...
General Average and What It Means for Importers
What is General Average, and why would an importer need to consider it in their risk management portfolio? If you are looking for more information about this policy, or if you are wondering why this...
Introduction to General Average
General Average is one of the more interesting and yet misunderstood laws involved in the international trade industry. What is General Average, and why would an importer or exporter need to...