Copenhagen-headquartered shipping giant Maersk has declared general average following a fire incident aboard the Marie Maersk vessel. This maritime declaration requires all shippers with cargo aboard the affected vessel to post security before their containers can be released.
The general average declaration, a principle of maritime law, ensures that all parties involved in the voyage share proportionally in losses incurred whilst saving the vessel and its cargo. This development will impact cargo release timelines and requires immediate attention from affected shippers.
Clients with shipments aboard the Marie Maersk should contact their insurance providers promptly to arrange the necessary security bonds. port.