Month

June 2019
What’s your payout? By Alison Cusack For those in the shipping game, when things go well, they go very well, and when they go bad they are horrid. The normally invisible industry of containerised shipping was brought the public eye last May when the M.V. YM Efficiency lost 83 containers overboard off the coast of...
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Going Overboard: A Crash Course in General Average Written by Alison Cusack and Kerryn Woonings The ancient principle of General Average has remained a mystery for many of the parties involved in a “maritime adventure”. When the containers fell overboard the YM Efficiency earlier this year, there was a lot of doubt and confusion over...
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With 2019 already seeing over 50 major casualties so far, specifically three General Average events declared, one total loss and a recent onboard fire, directly affecting Australian shippers it’s no surprise that the insurance market is starting to harden. (Refer February edition for more about General Average). Talking to Vanessa Rice, State Development Specialist –...
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Is your business prepared for failure? In the past few months, we have seen general average declared on three vessels in the Asia Pacific region; APL Vancouver, Yantian Express and most recently the E.R. Kobe. When it comes to business, there are two types of control for risk management. You can control your internal processes...
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