Часто используемые термины

Did you know? General average declarations impact ₹15,000 crores in cargo each year. Freight forwarding companies handle complex contribution processes that can increase cargo values by 2-8%. They also ensure proper insurance coverage and protect customers against maritime losses.

Legal Framework and Maritime Law

General average follows the York-Antwerp Rules and international maritime law. These rules require all cargo interests to contribute fairly to voluntary sacrifices made for common safety during maritime emergencies. Contributions cover expenses like cargo jettisoning, port of refuge costs, salvage operations, and vessel repairs needed to complete a voyage. Freight forwarding companies inform customers about general average risks, ensure sufficient insurance coverage, and work with average adjusters to protect customer interests. They also manage contribution procedures and settlement processes that can take 12-24 months.

Contribution Calculation and Settlement Process

General average contributions are calculated based on cargo values, voyage costs, and emergency expenses. Qualified average adjusters make detailed adjustments following international standards. Settlement requires thorough documentation, including commercial invoices, bill of lading details, cargo surveys, and expense verification. Freight forwarding companies collaborate with insurance providers, average adjusters, and legal representatives to ensure proper documentation, safeguard customer interests, and facilitate smooth settlement processes. They also aim to reduce customers' financial risks through adequate insurance coverage and professional claims management.

Risk Management and Insurance Protection

Effective general average protection necessitates robust marine insurance, which includes cargo insurance, general average coverage, and sue and labor provisions. These protect against contribution liabilities and related expenses. Freight forwarding companies assist customers in understanding general average risks and evaluating insurance coverage. They help implement protection strategies such as accurate valuation, sufficient coverage limits, and claims management procedures. The benefits of this protection include financial security, reduced business risks, professional claims support, and peace of mind from comprehensive marine insurance coverage and expert risk management advice.