Maritime Liability Explained
Ryan discusses the concept of general average, a maritime law that holds cargo owners liable for damages during shipping incidents. He highlights the importance of cargo insurance, especially when unexpected events can lead to significant financial repercussions. The conversation touches on the collective responsibility of cargo owners to share in losses, ensuring that no single party bears the full burden of accidents at sea.In this clip
From this podcast
Odd Lots
How the World's Companies Wound Up in a Deepening Supply Chain Nightmare
Related Questions