MV-Yantian-Express-Fire-3-copy-closeup-800x480

Two-thirds of the owners of cargo on the fire-hit Yantian Express face further costs to retrieve their goods after others failed to contribute towards general average. 

Exactly five months after the fire aboard the Hapag-Lloyd vessel, ONE issued an advisory that general average and salvage security had still not been posted for a third of the affected containers. 

One shipping source told The Loadstar this would “almost definitely” result in higher costs for cargo owners that did contribute towards the general average as administrators look ...

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  • Frederik deCockBuning

    May 06, 2019 at 7:15 pm

    Like I told from the beginning .. this is a very poor show of the operator.
    moreover this GA proofs that large portion of cargo/goods on water have hardly
    value to insure thus can not participate in any GA – this is a very delicate situation.
    should we not go back to the time of CIF instead of C&F ??