Container spot rates have peaked as all major trades see prices fall
There was more evidence in this week’s container port freight markets that peak prices on ...
So write Claire Wormersley and Eleanor Duprez from law firm HFW on the recent decision of the Supreme Court in the UK to reject an appeal brought by the owner of the 11,000 teu CMA CGM Libra over what it claimed were unpaid General Average contributions dating back to 2011.
Since the Supreme Court’s decision earlier this month, lawyers representing cargo interests that had refused to pay General Average after the vessel went aground outside the Chinese port of Xiamen in May ...
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