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. In this series, we will discuss different newsworthy topics within the international trade world. This includes new interactions with U.S. Customs and Border Protection, important news in the shipping world, and interesting stories within the trade process.
In this first episode, Meredith tells the story of General Average on the MSC Sabrina. This event occurred back in March 2008 in the St. Lawrence River near Trois-Rivières, Quebec, Canada. The video covers the following topics:
- The story of how the ship got stuck
- How the ship was rescued
- What it meant when general average was declared
- What an average bond is
- The importance of having a cargo insurance
If you would prefer to read the story, check out our previous blog post covering the Story of The MSC Sabrina. And don’t forget to check out our information about general average in our various blog posts on the topic.
If you have any questions about this story or on how to protect yourself in the event of a general average declaration, feel free to leave a comment on our YouTube channel or send us an email at askanexpert@traderiskguaranty.com.
Watch the Full Video to Hear the Story of General Average
Watch the full video below to hear the story of the MSC Sabrina and for insight into the importance of having cargo insurance when the unpredictable occurs.
