Following the recent news of the Suez Canal blockage by large container ship the Ever Given, it has been reported that vessel owner, Shoe Kisen, has declared General Average.
Despite no reported damage to cargo and minimal to the vessel, the cost of salvage operation and possible compensation claims are expected to amount to a sizeable bill.
Cargo release date is yet to be announced, however freight forwarders and importers with cargo on the Ever Given are facing large repair bills and are being advised to contact insurers with a possible long wait for cargo to be released.
Recommended: Contact Insurers!
Since the General Average announcement it is advised for all shippers to contact insurers to ensure those with uninsured cargo are covered.