What is General Average? If my goods aren't damaged why might I incur a loss?
General Average is a long-established procedure in the maritime industry for distributing extraordinary losses and expenditures following a casualty, in a fair manner, between the parties (vessel and cargo) involved.
Related FAQsAre my goods only covered for the sea voyage? As a customer shipping dry commodities, I would like to know what kind of risks are covered by the insurance? Can I buy cargo insurance as a private individual shipping personal effects? Can I buy cargo insurance for any commodity? Can I buy insurance for cargo from and to all locations globally? Do I need to fill a special form to purchase the cargo insurance? Does Maersk Cargo Insurance provided by Zurich Insurance only cover cargo, or does it also cover potential damages to the containers? How can I change the cargo value, cargo description, and origin and destination in my insurance policy schedule? How do I determine how much I should insure my goods for? How will I receive invoice for Maersk Cargo Insurance provided by Zurich Insurance? I added insurance at the time of shipment but would like to cancel it while keeping my shipment with Maersk. Is it possible? I added insurance at the time of shipment but would like to cancel it while keeping my shipment with Maersk. Is it possible?
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