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Archive: Insurance

Cargo owners may face bill for Baltimore bridge collision

Shippers with cargo aboard the Dali face significant financial risks if, as looks increasingly likely, the shipowner declares “general average” due to the huge losses caused by the accident. General average refers to a legal principle in maritime law under…

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Safeguard your cargo: The critical need for marine insurance

Recent fires at major ports, including the explosion aboard the YM Mobility at Ningbo on the 9th of August, have highlighted a critical issue: the danger of not having appropriate marine insurance in place.  As global supply chains become increasingly…

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