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Maltese Falcon |
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#1
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Advanced Member ![]() ![]() ![]() ![]() Group: Members Posts: 4,727 Joined: 14-September 04 From: Mulholland SoCal Member No.: 2,755 Region Association: None ![]() ![]() |
Just checked this news out today...Cargo ship in the Atlantic looks like a huge loss of Porsche, Audi & VW's. Crew has been rescued...looks like a total loss and an Eco mess for now (IMG:style_emoticons/default/sad.gif)
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Lg914 |
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#2
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Member ![]() ![]() Group: Members Posts: 53 Joined: 4-July 19 From: Lake Geneva Member No.: 23,275 Region Association: None ![]() |
So as unfortunate it is to loose your cargo in such a matter it will not be the end of the mater. Just wait till the shipping company declares General Average.
General Average is a principle of maritime law that essentially establishes that all sea cargo stakeholders (owner, shipper, etc.) evenly share any damage or losses. Luckily none of our personal vehicles were on this ship. |
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